For individuals who itemize their deductions, you can deduct charitable donations in 2020 up to 100% of your adjusted gross income.  Additionally, if your charitable donation exceeds your AGI in 2020, you can carry forward the deductions for up to 5 years.  In order to qualify for this increased deduction, the gifts must be made in 2020, the gifts must be made in cash, and the gifts must be made to a public charity.  Donor advised funds and many private foundations are not included. 

For taxpayers who do not itemize deductions, charitable donations of up to $300 in 2020 can be deducted as an above the line deduction. 

In light of the SECURE Act, many individuals with large retirement accounts have been considering a Roth conversion.  If a taxpayer is also charitably inclined, a large charitable donation in 2020 could offset the income taxes incurred on a Roth conversion.  If you were considering making charitable gifts at your death, making those gifts now to offset income taxes from a Roth conversion or selling appreciated assets has the benefit of providing for charitable causes during a time of increased need while also saving on your income tax bill.