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Launch - Google Chrome A Not secure hrblock
Launch - Google Chrome A Not secure hrblock.csod.com/lms/scorm/clientLMS/ScorFrames.aspx?aicc_sid=AICCk WlHffE7y85N181PUFA&caicc_url=https://hrblock csod.com MSc Exam Question 3 of 10 Select the best answer. According to lan Redpath, the CARES Act has added which of the following for 2020 for those taxpayers who don't itemize? A. A $300 above-the-line charitable contribution deduction for individuals B. A $400 above the line charitable contribution deduction for Individuals C. A $500 above-the-line charitable contribution deduction for individuals D. A $1,000 above the-line charitable contribution deduction for individuals
Expert Solution
Answer:
Option A - A $300 above the line charitable contribution deduction for individuals
Explanation: According to guidelines for 2020, the CARES Act changes this by allowing taxpayers who do not itemize their deductions to deduct up to $300 of cash contributions to public charities with an above-the-line deduction in tax years beginning in 2020
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