Did you know…
The CARES Act (Coronavirus Aid, Relief, and Economic Security) is intended to help families, individuals, businesses and nonprofits, like Good Shepherd, who are experiencing new and unprecedented challenges during the current pandemic;
The Act temporarily suspends requirements for RMDs (required minimum distributions) for the 2020 tax year. If you are 70-1/2 or older, you do not have to withdraw a greater percentage from retirement accounts;
Taxpayers can take a charitable deduction of up to $300 regardless of whether or not you itemize;
If you do itemize, cash contributions to qualified charities like Good Shepherd Center, can be deducted up to 100% of your adjusted gross income for 2020.
Thank you for all you make possible for our hungry and homeless neighbors, especially during these difficult times.
For more information, we found this article on expanded charitable giving incentives helpful.