Under current tax law, the standard deduction was increased to $24,000 for married couples. Taxpayers who don’t itemize their deductions are limited to a $300 above-the-line deduction to receive a tax benefit (effective in tax years after 2019). Taxpayers who donate more than $300 but not enough to exceed the standard deduction need to consider alternative gifting strategies. A BMO wealth advisor can discuss options Contact us to discuss options with you.