Copy
View this email in your browser
Dear Friend,

These are extremely challenging times for everyone, and we want you to know that we are here to keep you up to date on the latest developments in giving opportunities. The recent CARES Act (Coronavirus Aid, Relief, and Economic Security) of March 27, 2020, offers some exciting opportunities for supporting the mission of It Is Written.

Here is an outline of those options made available only for tax year 2020:
  • You may deduct up to 100% of your taxable income on gifts made to It Is Written or other public charities. Deductible amounts are normally limited to 60% of adjusted gross income (AGI).
  • Even non-itemizer individuals are eligible for a $300 charitable deduction ($600 for a couple) for gifts made to It Is Written. This deduction reduces taxable income thus reducing taxes paid.
  • Qualified Charitable Rollover (QCR) remains unchanged. Required minimum distributions (RMD) are waived for most qualified plan participants for tax year 2020. Even without a required minimum distribution, qualified charitable distributions offer tax savings for most.
It Is Written offers a robust, highly-experienced estate and planned giving services department. Please don’t hesitate to reach out with any inquiries regarding the above referenced provisions or for any estate planning or planned giving question or need.

Thank you for your continued prayers and support of It Is Written.

Olan Thomas
Planned Giving Director
plannedgiving@iiw.org
800-992-2219
Forward Forward
Facebook
Twitter
Website
Email
Instagram
Copyright © 2020 It Is Written, All rights reserved.


Want to change how you receive these emails?
You can
update your preferences or unsubscribe from this list.