A bipartisan group of U.S. senators has introduced legislation to expand and extend the non-itemized deduction for charitable giving. Dubbed the Charitable Act, the bill would increase the previous $300 deduction permitted in 2020 and 2021 (or $600 for married couples filing jointly in 2021). The bill would allow taxpayers who don’t itemize their deductions…
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Sechler Morgan CPAs PLLC is an Arizona-based CPA firm dedicated to serving nonprofit organizations with care and purpose since 1985.