18新利手机|18新利客
Skip to content Skip to search Skip to footer Giving to WashU Close Menu Make WayMake Way Undergraduate Scholarships WashU Student Experience Graduate Education Giving OpportunitiesGiving Opportunities WashU Annual Fund Scholarship Giving Giving Challenges The Homan Family William Greenleaf Eliot Society Challenge The Kahn Family Challenge for the Brown School Annual Fund The Women &＃038; Engineering Challenge Student Experience Naming Opportunities Planned Giving Estate Gifts Life income gifts Gifts with immediate impact Compare financial and tax benefits Latest tax news Sample bequest language Class Giving Parent and Family Giving Senior Class Gift Faculty and Staff Giving Your ImpactYour Impact Why I Give Student Stories How to GiveHow to Give Corporate Matching Donor-Advised Funds Gift and Privacy Policies License Plate Program Giving ClubsGiving Clubs William Greenleaf Eliot Society Loyalty Society Danforth Circle Robert S. Brookings Partners Alumni &＃038; Friends FAQs Contact Us Give Now Search Menu Search for: Search Close Search Give Now Giving Opportunities › Planned Giving › Latest tax news Latest tax news The Office of Planned Giving keeps an eye on tax law changes, and we do our best to share these changes with you. January 2021 Charitable Benefits of CARES Act Extended for 2021 The Consolidated Appropriations Act, 2021 has extended the benefits for charitable contributions made available through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion federal relief package signed into law on March 27, 2020. The following benefits are extended for the 2021 tax year: Expansion of the universal charitable deduction for cash gifts – The universal charitable deduction has been extended and increased. The new deduction is $300 for single filers and $600 for married couples filing jointly. Taxpayers who take the standard deduction rather than itemizing their deductions will be able to claim this charitable deduction for cash gifts to qualified charities such as Washington University. Please note that the charitable deduction does not qualify for gifts to supporting organizations or donor advised funds. Extension of the cap on deductions for cash contributions – The CARES Act lifted the cap on annual cash contributions for those who itemize, increasing it from 60% to 100% of AGI for 2020 and 2021. A five-year carryover applies to cash contributions in excess of this amount. Contributions to donor-advised funds are excluded. For corporations, the deduction limitation is increased from 10% to 25% of taxable income. The CARES Act recognizes the important role that nonprofit organizations like Washington University are playing in responding to the COVID-19 crisis. Now more than ever, your generosity will make a difference. Find all charitable giving tax news and updates in one place. Browse all tax news Giving Opportunities WashU Annual Fund Scholarship Giving Student Experience Giving Challenges Naming Opportunities Planned Giving Estate Gifts Life income gifts Gifts with immediate impact Compare financial and tax benefits Latest tax news Lasting legacy Sample bequest language Class Giving Parent and Family Giving Senior Class Gift Faculty and Staff Giving University Advancement MSC 1210-413-130 | 1 Brookings Drive | St. Louis, MO 63130 866-988-7477 | [email protected] Make a Gift Areas to Support How to Give Giving Challenges Planned Giving Special Initiatives Resources Giving Clubs Corporate Matching Gift Policies Your Impact FAQs Learn More Alumni & Friends University Advancement Contact Us Facebook Twitter LinkedIn YouTube Instagram ©2024 Washington University in St. Louis
