Now more than ever, we're so grateful for the communities that have funded, advocated, volunteered and celebrated for Advocacy Center for Crime Victims and Children through the years. At a time when everything feels uncertain, we find comfort and encouragement knowing you care about our clients and the services ACCVC offers.
While all of us are facing great challenges at this time, we hope that you can find some peace knowing that victims of crime are continuing to be served because of your generosity. We wanted to share a few ways that you can maximize your gift. The Cares Act passed earlier this year for COVID-19 pandemic relief impacts year end giving.
A New charitable deduction is available to individual taxpayers who Do Not itemize their deductions. This benefit allows for a charitable deduction of up to $300 per individual as an above-the-line deduction against adjusted gross income. For those who itemize, The Cares Act increases the adjusted gross income limitation from 60% to 100%. For corporations, The Cares Act increases the adjusted gross income limitation from 10% to 25%.