Amidst the challenges created by the pandemic and the stress of 2020, here is some good news:
The 2020 Cares Act instituted a provision allowing taxpayers who take the standard deduction to deduct up to $300 for charitable contributions. To qualify, donations must be cash gifts (including check and credit card) made by 12/31/2020.
If you take the standard deduction on your taxes, please consider making your $300 donation to FOHA to quality for this one-time opportunity. Make it a win-win by lowering your taxes and helping to support our cats and dogs by making your $300 donation today!
If you have specific tax related questions please talk with your tax preparer