Skip to content

Business Finances

CARES Act: New Deductions & Charitable Contributions

The CARES Act- new Deductions & Charitable Contributions Fee only financial advisor deer park barrington chicago draft

CARES Act: New Deductions & Charitable Contributions   Qualified Charitable Contributions – NEW Above The Line Deduction Background: This new deduction is for taxpayers that are claiming the Standard Deduction and made charitable donations.  In the past, you weren’t able to deduct these donations and therefore didn’t experience any benefit. Amount & Timing: Starting with…

Read More