Take advantage of the 2020 Corona relief bill Tax Changes!
Expiring in a few days
The aid package in response to the virus includes the following temporary changes to charitable giving that are set to expire after December 31, 2020:
A $300 universal charitable deduction for all taxpayers, including those taking the standard deduction. Contributions under this provision must be in cash. Also, this deduction is per the “tax filing unit.” For example, a married couple filing jointly can only claim one deduction of $300.
Suspension of the RMD from your IRA for 2020;
Removal of the cap on cash gifts that you give to qualified nonprofits if you itemize.
Take advantage of the above options if you are looking for an effective and tax-efficient way to invest your money in PCE to enable us to deliver hope and real resources that empower women and men to choose life for their babies!