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The Hang Out - Where Everything Goes!
The IRS now lets you deduct $300 from your taxes for cash donations in 2020
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<blockquote data-quote="Nelson Vergel" data-source="post: 192192" data-attributes="member: 3"><p><strong>Special Tax Deduction for Cash Donations to Charities in 2020</strong></p><p></p><p>In the article <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDEyMTEuMzE5MTgzNDEiLCJ1cmwiOiJodHRwczovL3d3dy5pcnMuZ292L2Fib3V0LWlycy9zcGVjaWFsLXRheC1kZWR1Y3Rpb25zLWF2YWlsYWJsZS10aGlzLXllYXItZm9yLWNhc2gtZG9uYXRpb25zLXRvLWNoYXJpdGllcy1pcnMtd29ya3MtdG8tcmFpc2UtYXdhcmVuZXNzIn0.w0FrGSpfzJnJwKf-AdR4vSB_eLyhkd7xULojGWdci40/s/136368349/br/91573054822-l" target="_blank">A Closer Look</a>, Tax Exempt and Government Entities Commissioner Edward Killen reminds taxpayers there’s a special deduction for cash donations of up to $300 to a qualified charity in 2020. This $300 deduction is designed for <strong>taxpayers who take the standard deduction </strong>and aren’t normally able to deduct their donations.</p><p></p><p>Before making a donation, use the Tax Exempt Organization Search (TEOS) tool on <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDEyMTEuMzE5MTgzNDEiLCJ1cmwiOiJodHRwczovL3d3dy5pcnMuZ292L2NoYXJpdGllcy1ub24tcHJvZml0cy90YXgtZXhlbXB0LW9yZ2FuaXphdGlvbi1zZWFyY2gifQ.4PPm-eR7Wy4wQMHPUPI1VTSvEjWzkDMOPegepTunMDI/s/136368349/br/91573054822-l" target="_blank">IRS.gov/TEOS</a> to make sure the charitable organization is eligible for tax-deductible donations.</p><p></p><p>If you can, <a href="https://powerusa.org/donate/" target="_blank">please make a donation to my non-profit <strong>Program for Wellness Restoration (PoWeR)</strong></a>. It is solely run by volunteers and we run on a shoe-string budget. Every single dollar goes directly to providing educational services.</p><p></p><p>PoWeR's mission since 1994 has been to:</p><p></p><ul> <li data-xf-list-type="ul">Improve health literacy and patient self-advocacy by providing patient-friendly lectures to HIV-positive people and their clinicians about HIV treatment response, side effect management, cure research and extending disability-free aging</li> <li data-xf-list-type="ul">Maintain 3 online community groups and 4 websites to disseminate health information to over 50,000 people</li> <li data-xf-list-type="ul">Advocate for ethical and compassionate research protocols in the areas of HIV multidrug resistance, cure research, comorbidity management, and complementary therapies.</li> </ul><p></p><p>Thank you and wishing you a healthy and safe holiday season!</p><p></p><p>All the best,</p><p></p><p>Nelson Vergel, BsChE, MBA</p><p>Founder</p><p><a href="https://powerusa.org/" target="_blank">Program for Wellness Restoration</a></p><p>A 503 (c) 3 non profit organization</p></blockquote><p></p>
[QUOTE="Nelson Vergel, post: 192192, member: 3"] [B]Special Tax Deduction for Cash Donations to Charities in 2020[/B] In the article [URL='https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDEyMTEuMzE5MTgzNDEiLCJ1cmwiOiJodHRwczovL3d3dy5pcnMuZ292L2Fib3V0LWlycy9zcGVjaWFsLXRheC1kZWR1Y3Rpb25zLWF2YWlsYWJsZS10aGlzLXllYXItZm9yLWNhc2gtZG9uYXRpb25zLXRvLWNoYXJpdGllcy1pcnMtd29ya3MtdG8tcmFpc2UtYXdhcmVuZXNzIn0.w0FrGSpfzJnJwKf-AdR4vSB_eLyhkd7xULojGWdci40/s/136368349/br/91573054822-l']A Closer Look[/URL], Tax Exempt and Government Entities Commissioner Edward Killen reminds taxpayers there’s a special deduction for cash donations of up to $300 to a qualified charity in 2020. This $300 deduction is designed for [B]taxpayers who take the standard deduction [/B]and aren’t normally able to deduct their donations. Before making a donation, use the Tax Exempt Organization Search (TEOS) tool on [URL='https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDEyMTEuMzE5MTgzNDEiLCJ1cmwiOiJodHRwczovL3d3dy5pcnMuZ292L2NoYXJpdGllcy1ub24tcHJvZml0cy90YXgtZXhlbXB0LW9yZ2FuaXphdGlvbi1zZWFyY2gifQ.4PPm-eR7Wy4wQMHPUPI1VTSvEjWzkDMOPegepTunMDI/s/136368349/br/91573054822-l']IRS.gov/TEOS[/URL] to make sure the charitable organization is eligible for tax-deductible donations. If you can, [URL='https://powerusa.org/donate/']please make a donation to my non-profit [B]Program for Wellness Restoration (PoWeR)[/B][/URL]. It is solely run by volunteers and we run on a shoe-string budget. Every single dollar goes directly to providing educational services. PoWeR's mission since 1994 has been to: [LIST] [*]Improve health literacy and patient self-advocacy by providing patient-friendly lectures to HIV-positive people and their clinicians about HIV treatment response, side effect management, cure research and extending disability-free aging [*]Maintain 3 online community groups and 4 websites to disseminate health information to over 50,000 people [*]Advocate for ethical and compassionate research protocols in the areas of HIV multidrug resistance, cure research, comorbidity management, and complementary therapies. [/LIST] Thank you and wishing you a healthy and safe holiday season! All the best, Nelson Vergel, BsChE, MBA Founder [URL='https://powerusa.org/']Program for Wellness Restoration[/URL] A 503 (c) 3 non profit organization [/QUOTE]
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The Hang Out - Where Everything Goes!
The IRS now lets you deduct $300 from your taxes for cash donations in 2020
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