The CARES Act and Charitable Contributions

To help non-profits withstand the economic impacts of COVID-19, the US Government has expanded charitable deductions for the 2020 tax year, including raising the cap on giving for both individuals and corporations. While all tax advice should be given by a professional, end of year communications to donors should include reference to the changes and encouragement for donors to explore based on their personal situation.

Visit this page for details from the IRS.