• Three Last-Minute Ways to Save on Your Taxes

    By Roxanne Coffelt |

    Certified Public Accountants Indiana

    It's not too late to save on your 2020 taxes.  Here are some last-minute ideas:   New Charitable Contribution Deduction The Cares Act included a $300 "above the line" deduction for charitable contributions.  What this means is that you can deduct up to $300 in contributions without having to itemize on your tax return.  Qualified contributions include donations to churches or 501(c)(3) charities, also government entities like your local school system or fire department.  Contributions to political organizations do not qualify. H.S.A. Contributions If you have a high-deductible health insurance plan, there is no reason not to make the maximum contribution to it every year.  The…

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