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Comment: Prefix: First Name: Last Name: Suffix: Address: City: State: Zip Code: - Email: Phone:

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For the 2020 tax year, individuals can deduct any cash contributions made to qualified charitable organizations, up to 100 percent of their adjusted gross income (AGI). Deductions for cash donations were previously limited to 60 percent of the taxpayer’s AGI. For the 2020 tax year, corporations can deduct up to 25 percent of the taxpayer’s taxable income for any cash contributions made to qualified charitable organizations. Deductions for cash donations were previously limited to 10 percent of the taxpayer’s taxable income. As always, please consult your tax advisor for details.

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