Here's how donations will impact your 2021 tax return
The IRS wants to remind you that you can deduct up to $300 on your taxes for 2021.
Posted: Dec 28, 2020 6:16 PM
Posted By: Staff Report
TERRE HAUTE, Ind. (WTHI) - The IRS wants to remind you that you can deduct up to $300 on your taxes for 2021.
This means you will see a tax return on your taxes next year.
The President of Tax Masters, Thomas Jeffers told us that charitable donations have been an itemized deduction for the last several years.
What's new this year is how the CARES Act made it easier to donate.