April 21, 2020 / Community

New Charitable Income Tax Deduction Further Incentivizes Your Gift to PPMD

COVID-19 may have altered our lives, but not our priorities. PPMD needs your help now to continue to fund the fight to end Duchenne.

And thanks to the recently enacted stimulus bill, known as the CARES Act, additional incentives are included to help you continue that support.

For tax payers who take the standard deduction, an additional $300 “above the line” deduction is available for cash contributions to a public charity*, such as PPMD. For tax payers who itemize their deductions, the limitation on the charitable deduction for cash contributions made in 2020 will increase from 60 percent of AGI (adjusted gross income) to 100 percent of AGI, with unused deductions available to carry forward for five years.

Donate now to help PPMD continue our progress, and ensure your deduction for 2020.

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*Public charities do not include donor advised funds, supporting organizations or private foundations.

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