CARES Act allows allows Qualified Charitable Contribution on your 2020 taxes.
Did you know that the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows for you to make a Qualified Charitable Contribution on your 2020 taxes? A qualified Charitable Contribution allows you to deduct your nonprofit donations of up to $300* on your 2020 taxes if you don’t itemize your other deductions. For those who do itemize their deductions, the new law temporarily lifts the limits on charitable giving for 2020.
Please consider an additional gift to Catholic Charities this year. To do so, visit catholiccharitiesdm.org/donate. Contact Debora Powers at firstname.lastname@example.org or 515-237-5064 for more information.
*This must be a gift of cash, given directly to a charitable organization, and not a gift to a Donor Advised Fund.