The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law March 27, 2020, helps taxpayers claim a new “above the line” deduction up to $300 for individuals – $600 for a married couple – for charitable donations made to nonprofits such as Cornerstones. For detailed information about how the CARES Act can support your charitable giving, please consult your attorney or tax advisor.
Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Please contact your financial advisor for more information.