New CARES Act Offers Federal Tax Deduction for All

04-28-2020

New CARES Act Offers Federal Tax Deduction for All

New CARES Act Offers Federal Tax Deduction for All

by Susan Kricun

Have you heard the news? In addition to the Arizona State Tax Credit, the new federal CARES Act offers you deduction opportunities by providing a universal, above-the-line, deduction of up to $300 made by any taxpayer by the end of this year – whether you itemize or not. This will reduce your taxable income for 2020. That’s right. This is $300 you won’t have to pay taxes on, even if you don’t itemize.

Please consider supporting the medically fragile children and families we serve by clicking here and taking the credit today. Thank you!

 

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