Your Year-End Tax Deduction Information

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This Year tax donations up to $300 are tax deductible for everyone, and giving caps have been removed from 2020 taxes as Part of CARES Act

Due to the rise of people seeking services during the COVID-19 crisis, AHCH outreach services have increased from 8% to 38% during this public health crisis. With your generosity, we can continue to provide life-saving support. With just two 48 hours left in 2020, your year-end generosity will mobilize our care team and provide care to those in need wherever they are. By addressing the health-related causes of homelessness, AHCH makes it possible for people to find solutions to end their homelessness. 

The IRS reminds taxpayers of a special provision that will allow you to easily deduct up to $300 in donations to AHCH without the need to itemize on your returnBecause of this special tax law change, cash donations of up to $300 made before December 31, 2020, are now deductible on your 2020 return. When you make a charitable contribution of cash to AHCH, in the next 48 hours, under the CARES Act1, you can deduct up to 100% of your adjusted gross income. Donate to AHCH today.  

As the pandemic continues, the needs of people experiencing homelessness continues to grow. AHCH is working to mitigate the impact of COVID-19 on our city’s most vulnerable people and ensure resources and systems are in place for people without homes who need to isolate, quarantine, and/or access medical respite, receive treatment and obtain other support.  

Below is a partial list of other responses from AHCH that we make possible together:   

- Increased street medicine to people forced to sleep rough   

- Referral, testing and treatment for people who are positive for COVID-19 or who have been exposed   

- Motel vouchers and other respite options for recovery and or isolation for people placed at high risk for severe illness (elders, families, people with chronic conditions etc.) from COVID-19  

- Delivering isolation backpacks   

- Linkages to housing  

- Research, policy, and advocacy for eviction prevention, housing, public health responses, and economic supports   

 

With just 48 hours left in 2020, make sure to take advantage of the opportunity to maximize your tax benefit and make an impact in your community with a cash donation or donate online. You can deduct up to $300 in donations from your taxes if you take the standard deduction, as part of the CARES act. (If you itemize your taxes, you may qualify for a charitable income tax deduction up to 100% of your Aggregated Gross Income, up from the previous 60% limit.) 

Make a final impact in 2020. Donate to AHCH today.  

Questions? Contact us at (505) 338-8038.

 

IRS News Release Special $300 tax deduction helps most people give to charity this year – even if they don’t itemize 

 

Fidelity Charitable 7 charitable tax deduction questions answered  

 

CARES Act What the CARES Act means for your charitable giving 

 

Prepared by the AHCH Fund Development Committee

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