Theater Strong!

img

FOR YOUR INFORMATION

CARES ACT DEDUCTION FOR 2020

The measure grants taxpayers an above-the-line deduction for up to $300 in charitable donations given in 2020. For example, if you take the standard deduction and give $300 to charity, you will get a $300 tax break in addition to the standard deduction.

Here is the tax benefit break down for those taking
standard deductions, itemized deductions and corporate giving:

CARES ACT DEDUCTION FOR 2020


DONATION


DONATION