Tax year 2018 marks the first year of the updated tax code under the Tax Cuts and Jobs Act of 2017 . "The charitable deduction has been eliminated"While many popular deductions have been eliminated, the charitable deduction remains in place. "People are confusing the charitable deduction with the standard deduction going up," says Amy Pirozzolo, Fidelity Charitable's head of donor engagement. That's probably because fewer people will be able to claim the charitable deduction now that the standard deduction has been increased. But in addition to the standard deduction increasing, the Child Tax Credit has also increased and more of it is refundable.

Source: CNN December 20, 2018 15:22 UTC