Bella Fortezza
1718 Capitol Avenue, Cheyenne, WY 82001
Telephone: 307-222-9369
Copyright © 2021 | Bella Fortezza
Please consult your tax advisor for advice regarding the tax-deductibility of your contributions.
Your tax advisor can evaluate the specific circumstances which may apply to you, but in general you are permitted to deduct up to 60% of your Adjusted Gross Income (AGI) in cash donations or 50% of your AGI in non-cash donations. Corporations are typically limited to 10% of AGI in cash donations.
However, for tax years 2020 and 2021, thanks to the CARES Act individuals may deduct up to 100% of AGI in cash donations (non-cash donations are still capped at 50% of AGI).
IRS: Charitable Contribution
Deductions
IRS: CARES Act Provisions
