In 2020 and 2021, all taxpayers will be able to take a $300 above-the-line deduction. This is good, but there is room to expand the policy to the benefit of taxpayers and their communities.
The 2020 CARES Act offered average taxpayers a $300 above-the-line charitable deduction. This should be extended permanently, for the sake of the common good.
A course at the University of Notre Dame—made possible by the Philanthropy Lab—gives undergraduates the opportunity to make up to $85,000 in grants to nonprofits. Here’s how the process went.