Taxes
CARES Act Cliff’s Notes
The CARES Act of 2020 had a few gems for the average US taxpayer, including: No required minimum distribution for retirees in 2020 The opportunity to add up to $300 in charitable donation deductions for qualified 501c(3) cash contributions to the standard deduction on your 2020 tax return Economic stimulus payments, depending on your 2020 adjusted gross income. For more information, read the full bill. Unfortunately, a lack of technical language in the bill left…
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