Thursday, May 13, 2021

Hcis, take advantage of Tax Day...

Tax Day is May 17th

When the CARES Act was passed and signed into law March, 2020, there was a provision for charitable giving - AND for the first time since 1987, non-itemizers can deduct their 2020 charitable giving.

Below are the details for Individual and Corporate donors:
 
  • Individuals that will submit a non-itemized tax return (standard deductions) can deduct up to $300 from their 2020 tax return, as long as they made the gift in cash or a cash equivalent (like a check or credit card).

  • Individuals that itemize their tax return may deduct up to 100% of the Adjusted Gross Income (AGI) from the 2020 tax returns. This is an increase from 75% in prior years.

  • Corporations may deduct up to 25% of the pre-tax profits from the tax return assuming the charitable gifts were in cash or cash equivalents. This is an increase from 10% of corporate pre-tax profits.

Please consider making a gift today to support the Autism Society of America. Your donation will be used to enable the autism community to live meaningful, quality lives through our efforts in advocacy and human rights, education, support and community-building.

Sincerely,
Christopher Banks
President and CEO

Our Promise During COVID-19: The Autism Society of America promises to remain committed to improving the lives of all affected by autism across the spectrum and throughout the lifespan, and will focus on providing information, resources, and advocacy efforts to address these urgent needs. 

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