a special offer to send a kid to camp
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!
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
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.
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.