A new provision with the IRS allows for an additional $300 tax deduction for gifts made to qualifying charities before Dec. 31. Even those who don’t itemize their charitable donations may qualify for a $300 deduction on their IRS return, according to Peoples’ Self-Help Housing (PSHH).
“We are very excited to remind our supporters of this additional accommodation; $300 can do an enormous amount of good at PSHH, and I encourage everyone to look at every deduction they can to help our neighbors in our community,” said Griffin Moore, PSHH chief financial officer.
“Our nation’s charities are struggling to help those suffering from COVID-19, and many deserving organizations can use all the help they can get,” said IRS commissioner Chuck Rettig. “We encourage people to explore this option to help deserving tax-exempt organizations, and the people and causes they serve.”
A $300 donation to PSHH can do the following to help needy families on the Central Coast:
Assist with three-five months of utilities.
Supply two-three families with gifts for the holidays.
Buy a month of groceries for housebound seniors.
Provide six months of internet services for virtual learning.
Buy a year of school supplies for 10 students.
Supply six move-in kits for formerly homeless families.
Buy an annual bus pass for a resident to travel to work.
Provide 10 winter coats for children.
For more, visit Publication 526, visit bit.ly/3gASEjw and pshhc.org/yearendappeal.