With the passing of the CARES Act of 2020, a benefit that has never been seen before in now available for cash donations. This new rule allows people who itemize to deduct up to 100% of their Adjusted Gross Income. If you do not itemize, you are allowed to deduct a cash gift limit of $300 individually and $600 for joint filers.
In this free online event, we will discuss why 2020 is the best year to give along with basic and advanced giving strategies. Al Longtin, SowHope Board Member and Founder & CEO of Longtin Family Companies, is an expert in the world of finance. Al possesses a deep understanding of advanced family, financial, and managerial concepts. For more than 30 years, Al has experience working with complex business, tax, and multi-generational issues involving large family controlled private and public companies.