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Your gift may be tax deductible

You may be eligible for a charitable contribution deduction for your donation to CDRC, even if you don’t normally itemize your charitable contributions.

A measure in the federal corona virus relief bill grants taxpayers an above-the-line deduction for up to $300 in annual charitable donations starting in 2020. This is available to those who take the standard deduction (who do not itemize). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI) and thereby reduce taxable income.

For more information, consult your CPA or financial advisor.


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