The Act provides individuals with a $300 deduction for donations (up to $600 for a married couple) in annual charitable contributions, which is available to all taxpayer who take the standard deduction (i.e. do not itemize their deductions).
Individuals who itemize their deductions may elect to deduct donations up to 100% of their 2020 adjusted gross income (up from 60% previously).
Corporations may deduct up to 25% of taxable income (up from previous limit of 10%).