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)
Tragedy has struck a family close to your congregation, and of course your church wants to help. But asking for donations just for them might run your congregation afoul of the IRS, which would rule those donations NOT tax-deductible by the donor, and reportable as income by the beneficiary, according to a financial expert. (Photo © Ashumskiy – Fotolia.com)
