Special Charitable Tax Benefit
The Internal Revenue Service has joined with New York-based nonprofit groups to highlight a special tax provision that allows more people to deduct donations to qualifying charities on their 2021 federal income tax return. Leaders from NYCON and Nonprofit New York Leaders note that the special tax provision provides additional assistance to organizations hit hard by the pandemic, while at the same time benefiting donors.
Click here to read the full IRS News Release.
Click here to view a brief webinar on this topic.