In these challenging economic times, many worthwhile charitable organizations find themselves in a precarious financial position. Meanwhile, they are experiencing unprecedented demand, especially those charities who provide basic needs like food and shelter.
Thankfully for attorneys who are in a financial situation to help, there are new, unique provisions in the tax code that have been implemented in response to the COVID-19 crisis, creating more incentives for giving. Attorneys wishing to help may be able to better leverage their donations with tax-smart strategies. So, if you are able to extend your generosity during this time of increased need, it may be an opportune year to make contributions to charity.
Everyone Can Claim a Deduction
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