An important provision of the CARES Act outlines updated federal policy on tax deductions and credits. Below is a summary of the statutes of the bill that will help your bottom line when you support AIC:
Please see the official document for reference: CARES Act, H. R. 748, Information on Charitable Contributions Deductions: Section 2, Title II, Subtitle B, Sec. 2204 – 2205. (pgs. 171-176). Additionally, any questions about gifts through Donor Advised Funds, gifts through IRAs, corporate charitable giving, non-cash contributions, and more details on qualifying contributions should be directed to a tax professional or financial advisor.
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