How The CARES Act Impacts Charitable Giving

This recently passed law includes several provisions to encourage charitable giving including:

  • A new deduction for donors who do not itemize when filing their tax returns. If you do not itemize but make a cash gift to qualified charities like Bradley Hospital, you will be allowed to deduct up to $300 per taxpayer ($600 for a married couple) to potentially reduce your tax liability.
  • An increase in the charitable deduction limit up to 100% of a donor’s adjusted gross income for gifts. Previously, the deduction was capped at 60% of annual income. If you make a gift to support Bradley Hospital you may be able to deduct more this year than in previous years.

Bradley Hospital Planned Giving Request

Please send me information on how planned giving can work for me.

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