Take advantage of special 2020 tax deduction; last chance is today!
by on December 31, 2020
You know us here at Conservancy — we’re charity regulation geeks! We want to share with you an important piece of information that you and your friends in the USA definitely want to know today!
We recently read up about it on IRS’ website: earlier this year, the CARES act here in the USA created a one-time rule allowing charitable deductions up to $300 in 2020. It applies to everyone — even those who often aren’t usually eligible for these deductions!Charitable giving is an essential way in the USA that important work of all types gets done. Whether you donate to Conservancy or some other 501(c)(3) charity, we encourage you to not miss this opportunity.
Keep in mind, though, that not all organizations that are called “non-profit” are equal in this regard. In the USA, only donations to charitable non-profits with a 501(c)(3) designation from the IRS qualify for the tax deduction. So always verify that the organization is a 501(c)(3) charity before you donate to them.
As always, we aren't tax accountants and can't give you tax advice, but we wanted to share this important tidbit with all of you as 2020 ends, and we wish you the very best for 2021!
Please email any comments on this entry to info@sfconservancy.org.
