Maximize your 2020 charitable giving with local charities!
Thanks to the CARES Act, even if you claim the standard deduction this year, if you give $300 to a qualified charity, you can get a $300 tax deduction in 2020. This $300 deduction is for cash donations only. So contributions of stock, clothes, or vehicles do not count towards this benefit [link 1]. As the deduction only applies to cash donations made to qualified 501(c)(3) organizations [link 2], we’ve come up with a list of several local charitable organizations our committee members have suggested!