The CARES Act: Opportunities to Learn and Take Action (Free)
The $2.2 trillion relief package unveiled March 27 includes two significant tax incentives for making cash gifts to public charities:
an "above-the-line" deduction for non-itemizers, and
a suspension of the percentage deduction limits, which isn’t limited to contributions for disaster relief efforts.
The CARES Act also suspends — for one year — the government requirement to take minimum distributions from 401(k) plans and IRAs. This can affect decision making around qualified charitable distributions (QCDs), the so-called "charitable IRA rollover."
The potential here is huge for organizations that can deliver clear messaging about how these incentives actually work.
Hear From Both Sides of the Aisle: A Legal Expert and a “Road Warrior” ...
Join Russ Willis, an “advisor to the advisors” and a nationally recognized consultant in charitable gift planning, and Jeff Comfort, VP of Principal Gifts and Gift Planning at Oregon State University, for a 90-minute informative, interactive discussion that details this legislation — and explains how you can easily learn to use it to your advantage.
In addition to hearing real-life examples, you will learn:
How the "above-the-line" deduction can work for non-itemizers;
How the "unlimited" itemized deduction interacts with the limitations on non-cash gifts and carry-forwards;
How all of this fits together with the recent changes to required distributions from qualified plans and IRAs.
Jeff and Russ took their time to fully understand all the ins and outs of the CARES Act, including exactly how it will help your organization.