For charitable donors, the Tax Cuts and Jobs Act (TCJA) provided some tax breaks and took away others. Here’s what charity-minded individuals need to know.
‘Tis almost the season for charitable giving. Besides helping a worthy cause, your donations may qualify for festive write-offs on your 2020 tax return if you qualify. Here are five ways to boost your deduction for charitable contributions if you itemize. Bunch Contributions Under the Tax Cuts and Jobs Act (TCJA), for 2018 through 2025,