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Thousands and thousands of Individuals
now making ready their taxes are getting a jolt in relation to deductions for charitable presents.
In the course of the pandemic, Congress allowed taxpayers who don’t itemize their deductions on Schedule A to deduct as much as $300 in money donations for 2020 and $600 for 2021. About 47 million filers, almost one-third of the overall, used this donation deduction in 2021. Now it’s gone, and these taxpayers will get no charitable break for 2022 or future years except lawmakers restore it, as charities are pushing for.
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