Non-itemizer charitable deduction. The charitable deduction for cash gifts to public charities (except Donor Advised Funds and Supporting Organizations) of the 2020 law is available in 2021 with one improvement. In 2020, the $300 non-itemizer deduction was capped at $300 for both separate and joint returns. For 2021, the cap for a joint return is $600. Charities had asked that the amount be greatly increased and the deduction be made permanent. Charities will seek legislation this year to make the non-itemizer deduction permanent with a cap of $4,000 for separate returns and $8,000 for joint returns (a Universal Charitable Deduction).

Alert. The substantiation rules for cash gifts by itemizers also apply to nonitemizers:

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]