FOR YOUR INFORMATION
CARES ACT DEDUCTION FOR 2020
The measure grants taxpayers an above-the-line deduction for up to $300 in charitable donations given in 2020. For example, if you take the standard deduction and give $300 to charity, you will get a $300 tax break in addition to the standard deduction.
Here is the tax benefit break down for those taking
standard deductions, itemized deductions and corporate giving: