You may be able to take advantage of a special new provision in the CARES Act that allows you to deduct up to $300 in donations to qualifying charities this year. It applies even if you take the standard deduction instead of itemizing your deductions.
If you withhold income taxes from your domestic employee’s pay, encourage them to use the IRS’ withholding calculator and updated W-4 form to make sure they have the right amount of tax taken out of their paychecks.
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