Your church donations benefit not only your congregation, but also you in the form of tax deductions. Forbes magazine offers tips to maximize the tax benefits of your giving. (Photo: 401(k) 2013, Creative Commons)
Remember the $600 charitable deduction
For 2021 the IRS is allowing charitable deductions of up to $600 for taxpayers who take the standard deduction when filing taxes. Ordinarily standard-deduction filers cannot claim a charitable deduction. The IRS explains. (Photo: 401(k) 2013, Creative Commons)
Remind year-end givers of special 2020 tax deductions
The CARES Act passed in response to the pandemic offers special tax benefits for charitable deductions. Your donors need to know. The issues are complicated, but this resource from the ELCA Foundation clarifies the benefits and how to take advantage of htem. (Photo: 401(k) 2013, Creative Commons)
Educate congregants about year-end giving strategies
Are you helping congregants fully maximize their desire to support your church’s ministries? Consider using the information in this Charity Navigator article to facilitate a conversation about the tax benefits of giving. If you don’t educate and don’t ask, congregants are not likely to invest as fully as possible in your faith community. (Photo: Creative […]
