Special Tax Deduction
Many people may not realize it, but there’s a special tax deduction available for them through Dec. 31, 2020 for cash donations up to $300 to qualifying charities, especially if they file electronically. This is a great chance for you to help the NAGP in its goal of ensuring the survival and health of our native American grouse species.
The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted by Congress last spring, includes several temporary tax changes helping charities. This includes a special $300 deduction designed especially for people who choose to take the standard deduction, rather than itemizing their deductions.
The deduction lowers both adjusted gross income and taxable income – translating into tax savings for those making donations to qualifying tax-exempt organizations.
The NAGP is a qualified tax-exempt organization: if you’d like to check for yourself, use the special Tax Exempt Organization Search (TEOS) tool on IRS.gov.
Please take this opportunity to support our efforts.
Excerpted IRS.gov, December 02, 2020.