The Act makes several temporary changes to the charitable contribution rules. For the 2020 tax year, taxpayers are eligible to deduct up to $300 of cash contributions as an “above the line” deduction (meaning even non-itemizing taxpayers can claim this deduction). Additionally, for individuals who itemize, the 50 percent adjusted gross income limitation is waived for certain contributions. Also, this deduction is not allowed if made to a private foundation or to a donor advised fund. For corporations in 2020, once again excluding donations to a private foundation or donor advised fund, at the election of the corporation, the 10 percent taxable income limitation is increased to 25 percent for cash contributions. The Act also increases the limitation on deductions for contributions of food inventory from 15 to 25 percent of taxable income. Based on the legislation, the percentage change for food inventory applies to taxable years ending after December 31, 2019, which suggests it extends beyond 2020.