SHARE IN THE FUN!
Per the CARES act, favorable charitable contribution provisions apply if you make cash donations during 2020 to charities:
- New deduction available: Individuals who do not itemize can claim an above-the-line deduction of up to $300 for such contributions
- New Charitable Deduction Limits: Individuals who itemize can deduct such contributions up to 100% of adjusted gross income (AGI)
For more information, please refer to this article: https://www.ministryworks.com/resources/articles/covid-19-payroll-resources/take-advantage-of-giving-incentive-during-the-covid-19-crisis/
Partner with us in moving kids toward their potential through a tax-deductible donation.