Nearly nine in 10 taxpayers who take the standard deduction can also claim an “above-the-line” deduction of up to $300 for cash contributions made to qualifying charities during 2020. The maximum above-the-line deduction is $150 for married individuals filing separate returns. The CARES Act includes temporary tax changes that are designed to help people and businesses who give to charity this year.
Tag: donation
NEIGHBORHOOD ASSISTANCE PROGRAM (NAP) through Adult Life Training, Inc.
Adult Life Training, Inc. must give away 60% of their remaining $3,808 in NAP credits to donors before the end of December 2018. If you support the Job Training work of Adult Life training, Inc. through a eligible donation, you are permitted to receive back NAP credits which reduce your Indiana Income Tax.
Microsoft Donations Available Now for Public Charities
Legitimate Public Charities which are tax exempt under IRC Section 501(c)(3) can receive donations directly from Microsoft for Office 365, One Drive, Mail, and other cloud based programs. There is NO COST to the public charity for these donations.