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SC information letter #20-34
South Carolina Department of Revenue
South Carolina Department of Revenue
Abstract
On March 27, 2020 Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the COVID-19 pandemic. As part of the relief provided, up to a $300 federal income tax deduction is allowed for charitable donations made in 2020 for individuals who claim the standard deduction. To be eligible, the contribution is required to be made in cash to a qualifying charitable organization. During the 2020 Legislative Session, South Carolina conformed to the Internal Revenue Code as of December 31, 2019, but did not conform to the federal CARES Act enacted by Congress in March 2020. Accordingly, there is no South Carolina charitable contribution deduction for an individual who claims the standard deduction in tax year 2020.
Issue Date
2020-12-16
Keywords
South Carolina Department of Revenue--Periodicals, Income tax deductions--South Carolina
Type
Text
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
Digitization Specifications
South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.