This is likely the last year to receive the so-called “above the line” deduction for charitable contributions for non-itemizers.
If you contribute to a charity before the end of the year in amounts up to $300 for single filers and $600 for married filing jointly, you will receive the deduction even if you don’t itemize. Itemizers also get the deductions. Give on or before December 31!
This is a great opportunity to bless your local charity. Try to find a local Charity who is doing good work in your community as opposed to funding large national Charities.
Click here to schedule a consultation. At The Murray Nellis Law Group, we combine estate planning with tax law to better assist our clients with charitable gift planning.