CARES ACT EXPANDS CHARITABLE GIVING TAX DEDUCTIONS
The CARES Act provides some provisions that affect charitable giving by both individual and corporate donors.
- 60% of AGI Limit Suspended for 2020
For the 2020 tax year, individuals can deduct any cash contributions made to qualified charitable organizations, up to 100% of their adjusted gross income (AGI). Deductions for cash donations were previously limited to 60% of the taxpayer’s AGI.
- Corporations’ 10% Limit Increased to 25% for 2020
For the 2020 tax year, corporations can deduct up
to 25% of the taxpayer’s taxable income for any cash contributions made to qualified charitable organizations. Deductions for cash donations were previously limited to 10% of the taxpayer’s taxable income.
- New $300 Deduction for Qualified Charitable Donations
Individuals who take the standard deduction can claim an above-the-line tax deduction for cash donations to qualified charitable organizations, up to $300.
Ways to Give
Ryan’s Place offers all of our services at no charge, and we rely entirely on private contributions. Please consider giving the gift of hope and healing to those grieving the death of someone they love.
You can make your donation by mailing a check or money order to:
P.O. Box 73
Goshen, IN 46527
Make your donation to Ryan’s Place today using our secure online payment processor, click on the link to donate via Paypal or Credit/Debit Card (a PayPal account is not required).
To find out about donations given in honor or memory of someone, planned giving, workplace or employee giving, and corporate giving or sponsorship, contact us at 574.535.1000 or email [email protected].
Attend an Event
Due to the Corona Virus we turned our annual Gala into a virtual event. Thank you so much to all that participated in and sponsored the Healing Hearts Virtual Gala!
If you’re looking for a great opportunity to volunteer, we have many areas where you can help. Please contact us today so we can talk about how you may fit into our volunteer program.