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  • 1.  IRS Language in appeal

    Posted 12-02-2022 04:38 PM
    Greetings

    We used the language below with our 20202 and 2021 appeals.  Is this still accurate.  I believe it was part of the Cares Act--but I thought it expired?  Am I corrector, if it is still in effect, is it now permanent?

    A special tax provision offers enhanced opportunities for all taxpayers to take charitable deductions in 2021. This includes a universal deduction of up to $300 per individual, $600 per couple. In addition, individuals who itemize may deduct up to 100% of their adjusted gross income. Please consult your tax adviser for details.

     

    Tracy

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    Tracy Rush
    Exec Dir Adv Services
    Otterbein University
    trush@otterbein.edu
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