DONATIONS

Note: Did you know the CARES Act, originally passed in March of 2020, allowed for charitable giving by individuals who file their income taxes using the standard deduction, and that it has been extended to include 2021? This means that individuals who file their 2020 and 2021 income taxes using the standard deduction may deduct up to $300 in donations made to qualified 501(c)(3) organizations like the BH&PS. For couples who file jointly, this is increased to $600. Please verify with your accountant or tax preparer for details, but in the meantime, this NY Times article gives the broad outline: https://www.nytimes.com/2021/03/12/business/tax-return-changes-2022.html?searchResultPosition=1.  Also there is more information at: https://crsreports.congress.gov/product/pdf/IN/IN11420