Tax Changes with the CARES Act
Tax Changes for Charitable Giving
The CARES Act removes the previous deduction cap for filers who itemize their taxes. Previously the cap was 60% of the filers’ adjusted gross income. The CARES Act lifts that cap to 100% for individual and joint tax filers.
Taxpayers who do not itemize are eligible for a $300 deduction for individual filers, and up to a $600 deduction for married couples.
For more information on how the CARES Act could impact your charitable contributions this year, please click here.
HRWC encourages you to consult with your tax advisor on deductibility before making any decisions based on this information.
Huron River Watershed Council’s (HRWC) Commitment to Donors:
We will not sell, share or trade our donors’ names or personal information with any other entity, nor send mailings to our donors on behalf of other organizations. This policy applies to all information received by HRWC both online and offline, on any Platform (“Platform”, includes HRWC’s website and mobile applications), as well as any electronic, written, or oral communications. To the extent any donations are processed through a third-party service provider, our donors’ information will only be used for purposes necessary to process the donation. We will handle donations with respect and confidentiality and gifts will be used for the purposes they were given. HRWC is a 501 (c)(3) nonprofit organization.