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New Charitable Giving Incentives in the CARES Act
To bolster charitable giving in a time of economic downturn, a $300 above the line tax deduction for charitable giving, will be eligible to both itemizers and non-itemizers alike. The CARES Act also raises itemized charitable contribution deduction limits for individuals who itemize their deductions and claim the charitable contribution deduction.
Together we can ensure that older adults in our community stay fed and connected during this crisis.