THANK YOU

We want to let you know about a few key provisions of the new CARES (Coronavirus Aid, Relief, and Economic Security) Act. The new law temporarily suspends the requirements for required minimum distributions (RMD) for the 2020 tax year, allows all taxpayers to take a charitable deduction of up to $300, even if you do not itemize and for those who do itemize their deductions, the new law allows for cash contributions to be deducted up to 100% of your adjusted gross income for the 2020 calendar year.