Working in partnership with government agencies and community-based organizations,
Both United Way of Southern Chautauqua County and United Way of Northern Chautauqua County
will be acting as a hub to provide key linkages between individuals that want to volunteer and agencies
providing emergency services to vulnerable populations during the COVID 19 crisis in our community.
United Way of Northern Chautauqua County at 716-366-5424 for North County needs.
United Way of Southern Chautauqua County 716-483-1561 for South County needs.
Helpful information below has been updated as of 4/26/2020 1:30 PM
CARES ACT Information on charitable contributions
There is a new financial incentive for Americans to give generously to qualifying charities, including United Way of Northern Chautauqua County and of our community partners. The new universal tax break for charitable donations was included in the final $2 trillion COVID-19 stimulus package signed into law last week and will go into effect starting with the 2020 tax year.
The measure grants taxpayers an above-the-line deduction for up to $300 in charitable donations given in 2020. For example, if you take the standard deduction and give $300 to charity, you will get a $300 tax break in addition to the standard deduction.
Now is the perfect time to take advantage of this “above-the-line” opportunity and give to qualifying charities providing critical services to the North Chautauqua County community during this health and economic crisis.
Here is the tax benefit break down for those taking standard deductions, itemized deductions and corporate giving:
For people who take the standard deduction, the CARES ACT allows you to take a tax deduction for contributions made to qualified charitable entities up to $300 per year starting in 2020 – this deduction is “above-the-line.” The 2020 Standard deduction is $12,400 for individuals and $24,800 for married couples filing jointly. Therefore, any donation to qualifying charities of up to $300 will be added to the standard rate of deduction. This deduction applies for 2020 and beyond.
For people who file for itemized deductions, the CARES ACT allows you to take a tax deduction of up to 100% of your Adjusted Gross Income (AGI) for contributions to qualifying charities starting in 2020. The new law temporarily lifts the limits on charitable giving from 60% of a taxpayer’s AGI to 100% for 2020.
For corporate donors, the CARES ACT allows an entity to take a tax deduction of up to 25% of their Adjusted Tax Income for contributions to qualifying charities starting in 2020. The new law temporarily lifts the limits from 10% of adjusted taxable income to 25% for 2020.