Donating to charity (Photo: Thinkstock)

Most advisors work with clients who want to support charities that they care about.

But do advisors (and clients) know exactly how the Coronavirus Aid, Relief, and Economic Security (or CARES) Act of 2020 affects charitable and other deductions this year?

 

Understanding taxation is a key strategic consideration for some clients when it comes to charitable giving.

Take our quiz to test your expertise in this area.