You can always give using VENMO!!! @SRHSNJ
Important change for 2020!!
The CARES Act of 2020 has tweaked -- for this year only -- gifts made by donors who itemize their taxes.
Taxpayers who can itemize can typically deduct 20% to 60% of adjusted gross income,with the limit of up to 60%.
However, for 2020 only, the CARES Act increased this limit to 100%.
Also - this is equally important - the CARES Act also allows for non-itemizers a
$300 "above the line" deduction.
Gifts need to be timed so that they are received
ON or BEFORE December 31.