Millions of Americans
now preparing their taxes are getting a jolt when it comes to deductions for charitable gifts.
During the pandemic, Congress allowed taxpayers who don’t itemize their deductions on Schedule A to deduct up to $300 in cash donations for 2020 and $600 for 2021. About 47 million filers, nearly one-third of the total, used this donation deduction in 2021. Now it is gone, and these taxpayers will get no charitable break for 2022 or future years unless lawmakers restore it, as charities are pushing for.