CARES Act Expands Tax Deductions for Charitable Giving

By Rocky Mengle of Kiplinger

After the 2017 tax reform law, which nearly doubled the standard deduction, the number of Americans claiming the itemized deduction for charitable gifts dropped sharply (as predicted).

The law also triggered a decline in charitable donations by individuals (again, as predicted). But with the¬†coronavirus crisis¬†upon us…. Read More