Just a reminder for those donating to International Bird Rescue in 2020. Because of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can take greater deductions this year from your tax bill.
Here are the key changes:
You can deduct up to $300 for cash donations made to qualifying charities by December 31, 2020. This an additional deduction for tax-payers who usually only claim the standard deduction taken by non-itemizers.
If you’re a taxpayer that itemizes, you can deduct gifts up to 100% on eligible cash contributions – as long as donations go to IRS qualified charities, like Bird Rescue. Cash contributions include those made by check, credit card or debit card. Note: donor advised funds are not eligible for this donation