What does the CARES Act allow regarding charitable contributions? (1 point) Responses It allows the government to tax your charitable contributions. It allows the government to tax your charitable contributions. It allows you to deduct $300 in charitable contributions. It allows you to deduct $300 in charitable contributions. It allows you to create a 501(c)(3) organization. It allows you to create a 501(c)(3) organization. It allows you to deduct the price of merchandise you buy from charities

Answer 1

The correct response regarding what the CARES Act allows regarding charitable contributions is: It allows you to deduct $300 in charitable contributions.

Under the CARES Act, individuals who do not itemize their deductions can take a deduction for up to $300 in cash contributions to qualifying charities for the tax year 2020.