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Charitable Giving in 2020

New legislation was enacted this year that allows tax deductions on two types ofcharitable gifts. One allows up to $300 as an above-the-line deduction. The second is theability to deduct up to 100% of your Adjusted Gross Income for larger donations. The first type of charitable gift allows up to $300 to be given to a qualified charity andclaimed as an above-the-line deduction. After the Tax Cuts and Jobs Act, which wentinto effect in 2018, increased the standard deduction, many taxpayers