Support Keiro’s work to improve the quality of life for older adults in Our Community.
Due to COVID-19, Keiro has decided to transition all of our scheduled in-person events in 2020 to alternative formats. Read full statement here.
New Charitable Deduction Incentive:
The CARES Act creates a new “above-the-line” tax deduction (for taxpayers who do not itemize their deductions). This new deduction for charitable contributions is up to $300 per individual taxpayers ($600 for a married couple). This incentive applies to cash contributions made in 2020 to a public charity organization such as Keiro.
For those individuals and corporations that itemize, the existing deduction cap on annual contributions is higher. Individuals can deduct donations up to 100% of their 2020 adjusted gross income (previously 60%). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%.
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