CARES Act - Individual Giving -- All taxpayers (those who itemize and those who use the standard deduction) can deduct $300 in charitable giving to public nonprofits in 2020. For those who itemize their taxes, the CARES Act significantly raises the amount of the charitable giving deductible from 60% of the filer's adjusted gross income (AGI) to 100% of AGI. Gifts to donor-advised funds and private foundations do not receive the revised deductible under this provision. For more information about this from the IRS: https://www.irs.gov/newsroom/special-300-tax-deduction-helps-most-people-give-to-charity-this-year-even-if-they-dont-itemize.
Your year-end donation will help Annapolis Green: