CARES Act Rewards Generosity With Generous Tax Deductions

carson partners forbes awards

While it’s far too early to begin calculating the human and an economic toll of the COVID-19 pandemic, there’s growing concern that charitable organizations—many of whom are being relied upon more heavily than ever to provide essential services and assistance—may be among those hit hardest. That’s where The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) may offer some much-needed relief. The CARES Act, which provides emergency financial assistance to individuals, families and businesses affected by the COVID-19 outbreak, offers significant incentives for those who are in a position to give, to dig deep this year—including the ability to offset up to 100% of taxable income for 2020.

Full Article on Forbes

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