Charities Are Hurting – This May Be The Year To Help

VOTE FOR COMPASSION FOR ALL!

Inspiring Life Over 50!

In these challenging economic times, many worthwhile charitable organizations find themselves in a precarious financial position. Meanwhile, they are experiencing unprecedented demand, especially those charities who provide basic needs like food and shelter.

Thankfully, new, unique provisions in the tax code have been implemented in response to the COVID-19 crisis, creating more incentives for giving. You may be able to better leverage your donations with tax-smart strategies. So, if you’re able to extend your generosity during this time of increased need, it may be an opportune year to make contributions to charity.

Everyone can claim a deduction

In 2020, the standard deduction is $12,400 for a single tax filer or $24,800 for a married couple filing a joint return (even more for those age 65 or over). Your itemized deductions would need to exceed those levels to benefit from itemizing. Those who don’t typically itemize are not able to deduct…

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About Jonathan Caswell

Poet, author, servant of God the Heavenly father and the Lord Jesus Christ...working out his salvation with fear and trembling. - Not trusting in his own deeds, but depending totally upon the finished sacrificial work of Jesus Christ to be, by God's reckoning, a new creature, clothed in Christ's righteousness...which mortal humankind can never attain by their own weak efforts, apart from faith in Christ's work on our behalf. - College-educated, yet wise enough to see that what a man does will not be his ultimate identity nor affect how God sees him or her. - Called by God to do a very difficult thing...apart from God's grace, mercy and strength...to love the sinner (which we all--by nature--are) but hate the sin, which is only paid through Christ, God's Son, - My own God-given gift is that of being a Poet..showing that in all parts of life...God has a loving part in it...as hard as that is to always understand or perceive...given life's realities! Come join me on my journey of discovery?.

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