Every cloud has a silver lining. Congress has granted their long-held wish for a universal non-itemized “above the line” charitable deduction so that all taxpayers can fully deduct at least some of their donations --- even those who don’t itemize!

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Among its many provision of the CARES Act is a brand new universal deduction for charitable contributions.Taxpayers who don’t itemize may now deduct up to $300 per year in charitable contributions. If you are married and filing jointly, your deduction can be up to $600.

 

Such deductions must be:    

     • in cash (no property like old clothing), and    

     • given to a 501(c3) public charity like Santiago Retreat Center

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Since this is a universal “above-the-line” deduction, taxpayers don’t have to file Schedule A (itemize) to claim it. Instead, taxpayers deduct it from their gross income (along with all other adjustments to income) on the first page of their Form 1040.

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Your $300 tax credit will send a child to camp for a full week! If you are married and filing jointly, your $600 credit can send 2 children to camp!

 

Don’t miss this rare opportunity to use your CARES Act tax dollars to bring a young soul closer to Jesus.