Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act that includes several charitable tax provisions. Read below to learn how you can take advantage of these provisions as you plan your 2020 charitable giving.
CARES Act Charitable Tax Provisions
While not affected by the CARES act, gifts from Donor Advised Funds are welcome and are a great way to make charitable contributions without affecting your financial security. For more information about how the CARES Act may impact your specific financial situation, please consult with your tax, legal, or financial advisors.