Flagstaff Quarantine Shelter

New CARES Act charitable giving tax deduction

It is well-known that the Coronavirus Aid Relief and Economic Securities Act (the CARES Act) is coming through in big and necessary ways with direct financial relief for FlagShelter and so many other nonprofits around the country. What is less well-known is that the CARES Act also includes significant charitable giving benefits and tax relief with the new charitable income tax deduction.