ABSTRACT

Temporary Enhancements to Charitable Contributions Deductions in the CARES Act [Updated February 5, 2021]   [open pdf - 618KB]

From the Document: "Individuals and corporations are allowed a deduction for charitable contributions on their tax returns. The Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) provided temporary increased benefits for 2020 for some of these deductions. These provisions were extended through 2021 by Division EE of the Consolidated Appropriations Act, 2021 (P.L. 116-260)."

Report Number:
CRS Insight, IN11420
Author:
Publisher:
Date:
2021-02-05
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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