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Recent NewsCoronavirus Aid, Relief, and Economic Security Act (“CARES Act”) Allows Additional Deductions for Cash Donations to Charities[1][2]By: April Banerjee, PWDF Executive Director, and Steven Bruce, PWDF Legal Director The CARES Act allows taxpayers to deduct more of their cash donations to charitable organizations this year. For individuals who itemize deductions, the 60% limit on deductions for cash donations has been eliminated and gifts of up to 100% of the individual’s adjusted gross income (AGI) for 2020 will be deductible. Individuals who take the standard deduction will be able to deduct up to $300.00 of cash donations to charitable organizations for taxable years beginning in 2020.[3] The limit on deductions for cash donations from corporate taxpayers has been increased as well, from 10% of a corporation’s taxable income to 25%. These increased limits do not apply to donations to donor-advised funds. See the CARES Act for more details and their application to specific taxpayers. Donate to PWDF now! PWDF ProfileWho We ArePeople With Disabilities Foundation is an operating 501(c)(3) nonprofit organization based in San Francisco, California, which focuses on the rights of the mentally and developmentally disabled. ServicesAdvocacy: PWDF advocates for Social Security claimant’s disability benefits in eight Bay Area counties. We also provide services in disability rights, on issues regarding returning to work, and in ADA consultations, including areas of employment, health care, and education, among others. There is representation before all levels of federal court and Administrative Law Judges. No one is declined due to their inability to pay, and we offer a sliding scale for attorney’s fees. Education/Public Awareness: To help eliminate the stigma against people with mental disabilities in society, PWDF’s educational program organizes workshops and public seminars, provides guest speakers with backgrounds in mental health, and produces educational materials such as videos. Continuing Education Provider: State Bar of California MCLE and Commission of Rehabilitation Counselor Certification. |
Volume 40Winter / Spring 2020© People With Disabilities Foundation 507 Polk Street Suite 430 San Francisco, CA 94102 [Clicking on the links below will take you out of the newsletter.] (415) 931-3070 (510) 522-PWDF Support Us: |
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Our Mission is to provide education and advocacy for people with psychiatric and/or developmental disabilities, with or without physical disabilities, so that they can achieve equal opportunities in all aspects of life. |
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PWDF does not provide legal assistance by email or telephone. |
- Rocky Mengle, “CARES Act Expands Tax Deductions for Charitable Giving” Kiplinger, April 2, 2020 (last visited May 12, 2020); Howard Gleckman, “How The CARES Act Increases The Charitable Deduction Without Helping Non-Profits Very Much,” Forbes, April 8, 2020 (last visited May 12, 2020). ↩
- U.S. federal tax information contained in this communication is not intended or written to be used in place of competent CPA or tax counsel. ↩
- This will be “above the line,” as a new line item. ↩