Photo: Jerry Jelinek

Support the Conservancy Today and Receive a 2021 Tax Break

2020–2021 have brought about a once-in-a-generation opportunity for charitable giving. With donors needed now more than ever, key provisions of the CARES Act have been extended to encourage charitable giving by improving tax incentives through 2021.

What does this mean for you?

If you itemize: Previous limits on tax deductions for cash gifts—at 60% of adjusted gross income (AGI)—have been suspended, allowing you to deduct 100% of income.

If you use the standard deduction: You may now deduct an additional $300 per person ($600 for a married couple filing jointly)

For an extra boost: Consider combining different giving strategies (such as cash and appreciated securities) to make the most of your gift.

Keep in mind that the extension only applies to this year. That leaves a finite window to make gifts while literally paying NO income tax. Your gift will not only improve the lives of our community members, but also could save you thousands of dollars at the same time!

If you have questions about making a gift to the Conservancy, please contact Development Director Dan Blakemore at dblakemore@forcvnp.org or at 330-657-2909 x 133.

 

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