Changes In Tax Law Regarding Charitable Donations

The CARES ACT (Coronavirus Aid, Relief and Economic Security Act) contains a provision that allows taxpayers, who do not itemize their taxes, the ability to deduct up to $300 in cash donations made to a charity in 2020 [Section 62(a)(22)].  Even if you take a standard deduction, this applies to you!  Making a donation to Economic Opportunities/Head Start now is a great opportunity to reduce your tax burden. Your investment in our programs is urgently needed.  Donate now, or mail your check to EOC/Head Start, 2455 St. Lucie Avenue, Vero Beach, FL 32960.   THANK YOU!