2020 Corona Relief Tax Changes

 Debbie Durbin |  December 29, 2020

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!
Questions? Call Tracy Green at 513-321-3100 or email her at [email protected]

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Your tax-deductible gift to us today will make an appreciable difference in many lives for years to come. Partner with PCE now to help build a culture of life.

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