Feeling the holiday spirit? Consider donating to charity, and you’ll end up giving the best kind of present — one that benefits you, too.
Time Is Running Out to Get a $300 IRS Tax Deduction for Donating to Charity | Personal Finance
December 21, 2021
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The IRS has a special tax rule right now that allows Americans to deduct certain charitable donations on their 2021 taxes, lowering their tax liability and translating into savings. Single filers can deduct up to $300; married couples that file jointly can deduct up to $600. Crucially, you don’t even have to itemize your taxes to claim it.
However, you do have to move fast. The deadline for making an eligible donation is Dec. 31.
