Will the CARES Act Boost My Tax-Wise Charitable Giving This Year? (Yes, in Three Ways!)
During the COVID-19 pandemic, we pray unceasingly for those individuals and their families who have contracted or passed away with this virus. We also remember those serving tirelessly on the frontlines of healthcare. Certainly, we’re all sensitive for those who have lost jobs, been furloughed, or seen their work hours reduced.
As this global crisis continues to unfold, one steadfast course of action for serving people is clear for Summit Leadership Foundation and our corporate and nonprofit partners: the on-going ministry of caring for and encouraging others is absolutely critical—and our efforts must be sustained. To provide a boost for these objectives, the Congress and President Trump enacted key provisions of the CARES (Coronavirus Aid, Relief, and Economic Security) Act to encourage your charitable gifts this tax year.