DID YOU KNOW?
Recent changes to charitable deductions under the CARES Act Under the CARES Act, you can now also claim a deduction for charitable contributions of cash up to $300 for each year beginning in 2020, even if you take the standard deduction.
For 2020 only, if you do itemize your deductions, the CARES Act suspends limitations completely on the charitable income tax deductions that may be claimed for gifts of cash this year.
Questions? Ask your tax professional.
For a Bet Tzedek client, your contribution will mean the difference between having a home and living on the streets, between getting paid or having to go hungry, between access to medical care and supportive services or suffering.
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