Coronavirus Aid, Relief, and Economic Security Act (CARES Act) | Keiro
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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.

Keiroは年内に開催する予定の直接人と人が会うイベントを全て別の形式に変更することに致しました。詳細はこちら

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Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

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%.