Donations are vital to our organization. We are a registered 501c3 non-profit. It’s the donations from people who care about are what keeps these kids working with horses.
CARES Act Helps Charities:
New Deduction Available
All taxpayers may take up to $300 ($600 for a married couple) in annual charitable cash contributions, even if you do not itemize. It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income, reducing taxable income. A donation to a donor advised fund does not qualify for this new deduction.
New Charitable Deduction Limits
Individuals and corporations that itemize can deduct much greater amounts of their cash contributions to charities. Individuals can elect to deduct donations up to 100% of their 2020 adjusted gross income (up from 60%). Corporations may deduct up to 25% of taxable income (up from 10%). The higher deduction does not apply to donations to a donor advised fund.
We are happy to have your support in any form, in any amount!