The American Red Cross is recognized by the IRS as a not for profit 501c3 charitable organization. Your donation to the Red Cross is tax deductible to the full extent of the law. Under the CARES Act, in 2020 and 2021, taxpayers who do not itemize may receive a tax deduction of up to $300 for donations to 501(c)(3) organizations. Consult your tax adviser to see how this may apply to you.