2020 CARES Act Increased Charitable Giving Tax Breaks
The CARES Act of 2020 brought financial relief to many individuals and companies during the pandemic but it also introduced a new tax incentive for charitable giving that you may not have heard about. Our next guest says that now cash contributions to certain charities could significantly lower your tax bill. He also says the Biden administration has several proposals under consideration that could increase your taxes.
Mike Switzer interviews Doug English, a certified financial planner with ACT Advisors in Greenville and Charleston, SC.