The CARES Act and End-of-Year Tax Implications

As 2020 approaches its eventful close, make sure your donors understand the time-sensitive opportunities afforded by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act’s provisions for above-the-line contributions are slated to end this year: Individuals who itemize can deduct cash contributions up to 100% of their 2020 Adjusted Gross Income (AGI).…