CARES Act § 2204: An Incentive for Charitable Donations

A Quick Summary of what this article covers includes the following: The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers religious nonprofits a valuable tool in this time of crisis: increased tax incentives for donors making charitable contributions. CARES § 2204 temporarily modifies the federal tax code to create an above-the-line deduction in 2020…