New Tax Benefits: CARES Act Donation Deductions

Normally, short-term capital gains don’t provide any tax effect on charitable opportunities. But in 2021, they do. Through the CARES Act, there is an opportunity giving with 100% deductibility of short-term capital gains.

For many investors, the extension of the 2020 CARES Act is a welcome legislative decision. The tax advantages that generous investors enjoyed in 2020 can be utilized again in 2021.

Did you know that you can donate long-term appreciated stock to Africa New Day? If you do, you’ll get a deduction for the full fair market value and pay NO tax on the capital gain.

Additionally, you can donate the short-term gains and receive a 100% deduction regardless of your total household financial situation.

If you would like to discuss this opportunity with us, please click here and we can set up a time to talk within the week. Thank you for allowing us to advance our mission with your generous support! 

Note: Please consult your tax professional before making any donation decisions. This information is for your personal use and should not be your sole source of information on tax deductible opportunities.