The CARES Act:

An act recently passed by Congress to provide COVID relief raises the maximum charitable deductions for individuals and businesses for 2020. 
  • Individuals who take the standard deduction are now also eligible for a charitable deduction of up to $300 in cash gifts.
  • Individuals who itemize on their taxes are now limited to 100% of their gross income (previously 60%).
  • Please consult with your tax advisor to determine how this deduction applies to you.

Phone: 734.484.3600 | Fax: 734.484.3100
Alternative and MIHP Fax: 734.829.0137

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