Reply To: charitable gifts deduction under the CARES Act

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#8278
Kaye Thomas
Moderator

The IRS doesn’t specify on its website, simply saying, “taxpayers who don’t itemize deductions may take a charitable deduction of up to $300.” I found at least one reputable source (the TaxAct blog) saying it’s $600 for married couples, but I believe they’re mistaken. In a footnote, the Joint Committee on Taxation’s description of the tax provisions of this law says, “The $300 limit applies to the tax-filing unit. Thus, for example, married taxpayers who file a joint return and do not elect to itemize deductions are allowed to deduct up to a total of $300 in qualified charitable contributions on the joint return.” That’s apparently going to be the rule unless there was further change in the legislation after the JCT prepared its description.