Did you know the CARES Act (Coronavirus Aid, Relief, and Economic Security) allows for a 2020 ‘above-the-line’ tax deduction of $300 for individual charitable contributions made by those that don’t itemize?
We know that the impact from COVID-19 has affected each of us- physically, emotionally and many financially. If you have been fortunate during this time and are in a position to help we would be so grateful and honored for you to consider making a donation to Bridge II Sports. Matching opportunities with organizations also assist us to support our shared mission.
We are obviously not on the front lines fighting the pandemic but we are continuing to stay connected with our athletes and families, working behind the scenes on improvements to programming, and planning future events so that we will be ready for action when ‘the sun comes out’ and we can all be active and play adapted sports again. We believe strongly that we provide an invaluable service changing lives and outcomes for people with disabilities…and opening minds and hearts of everyone to create a more inclusive community. Thanks to all of you that stand in that belief with us.
Unrestricted funding through donations and the 360 Club is so important to us as crucial operating expenses and the costs of ‘keeping the lights on’ are not included in many of the grants that we rely on for our mission-driven work.
Please keep us in mind as you decide how best to support your community during these difficult times and the brighter ones ahead.
Our hearts are with all of you.
- If you take the standard deduction on your 2020 tax return, you can claim a new “above-the-line” deduction of up to $300 for cash donations made to qualifying charities (or $600 filing jointly)
- If you itemize on your tax return, you can deduct up to 100% of your Adjusted Gross Income in charitable cash contributions on your 2020 return.
- Make sure to check with your tax advisor if you have questions about your eligibility for these tax incentives.