Cash Gifts
The 2020 CARES Act includes charitable tax provisions to encourage giving. These include:
• A new $300 ‘above-the-line’ tax deduction for taxpayers who do not itemize when filing their tax returns. This special $300 deduction applies to all individual and ‘married filing jointly’ tax returns.
• For individuals who itemize their deductions, the CARES Act increased the deduction for cash donations to charities to 100% of adjusted gross income for 2020. Individuals may deduct up to 100% of their gross income for cash donations to public charities (up from 60% in 2019). One caveat is that these donations apply only to qualified public charities, like OCS, and not donor-advised funds or private foundations.
• Corporations can now deduct up to 25% of taxable income (increased from 10%).**
*Click the Give Now button below to make a gift today*

Appreciated Securities
Although no tax law changes have been made to gifts of appreciated securities to charity, donating long-term, highly-appreciated taxable securities is one of the most tax-efficient ways to give (e.g. stocks, mutual funds, and exchange-traded funds that have realized significant appreciation over time).
• You receive a tax deduction for the full market value of the gift.
• You avoid capital gains taxes that may have applied to the future sale of the asset(s).
• You may donate appreciated assets up to 30% of 2020 adjusted gross income (AGI).
*Click HERE to get instructions on contributing Stock to Oaks Christian*