The Internal Revenue Service has a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year, even if they don’t itemize. In the special tax law changes made earlier this year, cash donations of up to $300 made before December 31, 2020, are now deductible when people file their 2020 taxes.
Also under the CARES Act new law:
Camp Wyandot Inc. is a qualified charity dedicated to providing an inclusive nurturing environment for youth to have fun, make friends, serve others, and explore the great outdoors.
Your support to our organizations ensures that our 92-year history of providing those experiences continues for future generations, and that our property and programs endure for the future. As you consider your year-end giving options, we hope you’ll include Camp Wyandot, Inc. in your plans. Camp Wyandot will provide you with a donation letter for your tax records.
Please consult with your tax advisor as to whether these CARES Act opportunities may be right for you or a C Corporation you are familiar with. But do not delay. Some of these tax incentives expire on Dec. 31, 2020.