Charitable Giving Incentives Enhanced in 2021

Charitable giving provision: Coronavirus relief bill includes an enhanced $600 tax deduction for 2021

Charitable giving is enhanced with a provision in congress’ latest coronavirus relief bill. Most taxpayers take advantage of the standard deduction when they are filing their Federal Income Tax Returns. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 provides an additional, “above-the-line” charitable deduction on top of the standard deduction for these taxpayers.

Taxpayers who do not itemize their deductions can take a one-time deduction of up to $300 on individual returns or $600 on joint returns for gifts made to charity. The deduction applies ONLY for gifts of cash made in calendar year 2021.

For those who do itemize their deductions, this act also extends the charitable deduction to 100% of AGI (Adjusted Gross Income) in 2021 for individuals, and the limit from 10% to 25% of AGI for corporations.

These expanded charitable giving provisions can provide incentive for potential donors to begin or increase charitable contributions to Charitable Organizations.

Enhanced charitable giving provisions

Let donors know about the enhanced charitable giving provision when they are filing their Federal Income Tax Returns for 2021.


GSB’s mission is strengthening charitable causes to change the world through generosity. At GSB Fundraising, we have a passion for philanthropy – the art of giving and asking for gifts. We have a large team of partners and consultants that make up GSB Fundraising. Learn more about creating a culture of generosity here.

Located across the country, each consultant comes from a background in fundraising and drive to help non-profit organizations succeed. Talented partners and associates comprise the GSB Team – experts who can be drawn upon at a moment’s notice. It’s reassurance that your journey, no matter the bumps along the way, will be successful. You will reach your destination. Follow us on Facebook for more updates.