Help a Child Feel Safe
Good News for 2021 Donations!
The charitable tax benefits for 2020 provided through the Coronavirus Aid, Relief and Economic Security (CARES) Act, which were scheduled to end on December 31, will now be extended through 2021:
- The non-itemizer’s charitable deduction of $300 is extended through 2021. In 2020, the deduction is limited to $300 per tax return, whether it is a single or joint return. Starting in 2021, the deduction remains at $300 but a joint return may deduct up to $600.
- Previously, taxpayers were limited to a deduction of 60% of their Adjusted Gross Income (AGI) for charitable gifts of cash. That limit was lifted for 2020 and has now been extended through 2021 meaning you are able to offset up to 100% of your AGI with charitable contributions.
- Corporations continue to have greater incentives to make charitable gifts. For corporate charitable giving, the annual limit will stay at 25 percent of taxable income in 2021 instead of reverting to 10 percent.
Every gift makes a difference and generates hope for secure future. To make a gift by telephone, call 206-748-9700.
Did you know?
Your contribution goes a long way to help a child in need. The advocate you provide for a child will devote 75 – 100 hours gathering information about the child’s circumstances over 6 – 12 months — in a litigated court case where their work will be scrutinized by multiple sources. Thank you for making sure a vulnerable child’s voice is heard in court.