CARES Act Tax Incentive - Catholic Rural Life

CARES Act Tax Incentive

Catholic Rural Life • May 5, 2020


Many have heard of the CARES (Corona Aid, Relief and Economic Security) Act, a stimulus program passed in light of the impact of the Covid-19 pandemic. We are happy to share that it includes an increased tax incentive for those making charitable contributions to CRL. The CARES program temporarily modifies the federal tax code to create an above-the-line deduction in 2020 of up to $300 for individuals and $600 for married couples for charitable contributions. Because the deduction is above-the-line, it also may reduce state income taxes for some taxpayers. This deduction can be utilized by the approximately 86% of taxpayers who use the standard deduction; previously there was no tax incentive for those who do not itemize deductions. This provision offers a temporary opportunity for nonprofits like CRL to survive these trying times. Please renew your membership or give a gift to CRL today!


No comments yet

You must be logged in to post a comment.

More from CRL

Enjoying God’s Creation

Kaycee Monnens Cortner • May 28, 2024

Fruit and Herb Punch Recipe

Florence Berger • May 28, 2024

A Prayer to Mary for Charity

Catholic Rural Life • May 22, 2024

St. Isidore: Patron of Catholic Rural Life

Tim Streiff • May 14, 2024

People love being members of the Catholic Rural Life community.

View member benefits

More from CRL