Already planning a little for 2022 taxes. Is the $300 above the line charitable deduction still in effect for tax year 2022?
Already planning a little for 2022 taxes. Is the $300 above the line charitable deduction still in effect for tax year 2022?
No, and it isn’t available for 2021 tax returns either. The rule changed for 2021 to $300/$600 below the line deduction. The deduction is not available for 2022 at all unless Congress adopts new tax legislation.
Ira
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