An Unusual Opportunity For a Tax Deduction
Submitted by BCR Wealth Strategies on February 25th, 2021Entering 2021 suggests that income tax filing is not that far behind. Congressional action increased the standard deduction driving many people to no longer itemize their deductions. As a result, and depending on the state tax regime where you live, you may now be unable to deduct some of your charitable contributions and get the standard deduction.