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I was recently alerted to a provision in the Stimulus Legislation that will allow an above the line deduction of up to $300 even for 2020 filers who do not itemize. Great! That will save me a few bucks.

What I'm confused about is whether this is a one year provision or will continue to be available beyond 2020 tax year. The charitable organization that first brought it to my attention seemed to say it was only for one year. Of course, in their illustration they used the 2019 standard deduction instead of the higher 2020 deduction so I know they aren't tax experts. Since then I've read comments that suggest the $300 above the line charity deduction extends to future years.

Anyone know the true story?
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