Take Advantage of Special Tax Deductions for Charitable Giving in 2020

By Amrita Jayakumar If you’re fortunate enough to be able to donate money this year, plenty of causes need your attention. In a year like 2020, choosing where to direct your dollars is like picking your favorite child. Should your money go toward nonprofits providing basic needs, organizations fighting for […]

By Amrita Jayakumar

If you’re fortunate enough to be able to donate money this year, plenty of causes need your attention.

In a year like 2020, choosing where to direct your dollars is like picking your favorite child. Should your money go toward nonprofits providing basic needs, organizations fighting for social justice or a campaign to help local small businesses stay afloat? If you prefer donating your time, how do you give back when volunteer events are limited by the pandemic?

Here’s a guide to prioritizing your donations, taking advantage of special tax deductions for 2020, and giving and using your holiday spending to make a difference.

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