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Charitable Contribution Deduction Opportunities for Non-Itemizers


As you review your 2020 tax information and make plans for 2021 charitable giving, keep in mind that you may benefit from a new cash charitable contribution deduction, even if you do not itemize.

Aimed at assisting charitable organizations in keeping up with the demand for services, a provision included in the CARES Act in March of 2020 allows non-itemizers to take advantage of an above-the-line deduction of up to $300 for cash charitable contributions paid to public charities in 2020.  "Our nation's charities are struggling to help those suffering from COVID-19, and many deserving organizations can use all the help they can get," said IRS Commissioner Chuck Rettig. "The IRS reminds people there's a new provision that allows for up to $300 in cash donations to qualifying organizations to be deducted from income. We encourage people to explore this option to help deserving tax-exempt organizations – and the people and causes they serve."  

Additionally, the Consolidated Appropriations Act of 2021 extended this provision to the 2021 tax year, further expanding the deduction for married taxpayers filing a joint return to $600.

With the doubling of the standard deduction in 2017, the number of taxpayers reporting itemized deductions on their individual tax returns greatly decreased.  If not itemizing, most no longer kept track of chartable contributions, even though many still make various small charitable contributions throughout each tax year.  Typically, there’s no need to report these contributions to tax preparers, but that’s not the case for 2020 or 2021.  If you have any questions regarding what charitable contributions may be eligible for this deduction, please do not hesitate to contact your C&J engagement team.

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Coulter & Justus, P.C.
Coulter & Justus, PC
(865) 637-4161
9717 Cogdill Rd, Suite 201
Knoxville, TN 37932
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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