For Most Taxpayers, up to $300 of Donations to Charity are Deductible in 2020
On March 27, 2020, Congress enacted The CARES Act, which created a $300 charitable deduction for Americans who do not itemize their taxes. The new charitable deduction allows most Americans to deduct donations to charities from their taxes when they file their taxes for 2020. Eligible taxpayers can deduct up to $300 in charitable contributions! Your tax advisor is the best source for this information should you wish to verify that you qualify.
At United Way of Lake County, our work is fueled by donations. Money raised in Lake County stays in Lake County, as we work solely for the benefit of our local residents in need. We also rely solely on donations from the very community we serve.
The economic downturn and critical needs brought on by the pandemic have left many of our friends and neighbors struggling in ways they have never before experienced. And those who were already struggling, are hurting now more than ever. If you are in a position to give, please give today. If you or someone you know is struggling, click here for a list of available help and resources.
Please donate to United Way of Lake County today!
