An FYI (or reminder) to those who make charitable donations, in part, with tax deduction benefits in mind: the recently new $300 above-the-line “universal” charitable donation tax deduction expired at the end of last year, and is currently not active for 2022. It’s possible that this popular tax deduction might be renewed before the end of 2022, however. Below, I’ll explain how the universal charitable donation tax deduction got started, why it is not active for 2022 despite its popularity, and how it could potentially return. What is the “Universal” Charitable Donation Tax Deduction? The universal charitable donation tax deduction
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