Nonprofit CARES Act Charitable Contribution Changes Individuals who take the standard deduction on their tax return (non-itemizers) can contribute up to $300 cash to most 501(c)(3) charitable organizations and claim a new “above-the-line” deduction on their 2020 taxes.Individuals who itemize their deductions can deduct up to 100% of their adjusted gross income (AGI) for cash contributions to most 501(c)(3) organizations for 2020. The deduction was previously capped at 60% of AGI for cash contributions.
Company/Employee Match Program & Deduction in paycheck (FEIN 36-2656050)
Donating Your Stimulus Check
Donating Your Stimulus Check: 4 Key Tax Rules To KnowIf you don't need the cash, donating your stimulus payment to a worthy cause is one possible use of the money. Here are the tax details. Read in Forbes:https://apple.news/AontemSbkQIKI5o60hmIHUQ
Make checks payable to DANK Haus
Mail checks to DANK Haus 4740 N. Western Avenue, Chicago, IL 60625
4740 N. Western Avenue
Chicago, IL 60625
DANK Haus German American Cultural Center is a 501(c)3 non-profit organization.DANK Haus German American Cultural Center does not discriminate based on race, color, sexuality, national origin, sex, disability or age.