As you consider your year-end giving plans, keep in mind that 2020 brings new provisions that amplify the impact of charitable gifts to organizations like Scenic America, thanks to the CARES (Coronavirus Aid, Relief, and Economic Security) Act.
According to the Internal Revenue Service, taxpayers who do not itemize deductions may be able to take a charitable donation of up to $300 for cash contributions made in 2020 to religious, charitable, educational, scientific, or literary organizations. The CARES Act also lifts limits on charitable contributions.
Please consult your tax professional to determine your eligibility for these benefits.