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You Can Use Both the Standard and Charitable Contribution Deductions This Year

When you’re filing your taxes, don’t overlook a new charitable contributions tax break that allows you to discount $300 from your taxable income even if you already take the standard deduction. Because it’s new and an above-the-line deduction, it’s easy to overlook—especially if you’re a typical W-2 employee who tends to file taxes on autopilot.