You only have a few weeks left to take extra advantage of your charitable giving in 2021. The Taxpayer Certainty and Disaster Relief Act passed late last December extended a special provision to deduct up to $300 for single filers and $600 for married couples in cash donations whether you itemize or not. Certain businesses can also deduct up to 25 percent of their corporate taxable income for charitable contributions made in 2021 after being previously capped at 10 percent. Door County Community Foundation President and CEO Bret Bicoy says these expiring benefits and a healthy stock market are driving some of the most generous contributions to the charities it supports in its history.

Many of the short-term changes to charitable tax law that were made last December will expire on December 31st. The Lilly Family School of Philanthropy reported in June that charitable giving set a record with $471.44 billion donated in 2020, which was an increase of five percent over the previous year.