Here’s How the COVID-19 Pandemic Will Affect Filing Your Taxes

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Don’t forget about the charitable deduction benefit.

The pandemic relief measures have a lot of benefits, including a charitable deduction benefit. For single filers, the tax deduction can be as much as $300, while married couples filing jointly could receive even $600.

Plus, no matter if you itemize on your tax return or not, you can still claim this type of tax deduction. However, Ogg pointed out that the IRS will tax you if you take advantage of it fraudulently. Those who do that will face a 50 percent penalty.

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