Recently enacted legislation provides relief for families and businesses impacted by the coronavirus pandemic.
How does this benefit you when donating to Mentors International?
A charitable deduction of up to $300 is now allowed for those who do not itemize their deductions.
The adjusted gross income limitation is waived allowing you to offset more of your taxable income.
These two items apply only to cash contributions and are not available for contributions to donor-advised funds or other supporting organizations.
Always be sure to work closely with your own tax advisor for guidance in applying these new rules to your own situation.