Don’t miss out on the opportunity to inform your clients about a special provision in the Taxpayer Certainty and Disaster Tax Relief Act, signed into law on December 20, 2019 by President Trump. For cash donations made to public charities that are helping with qualified disaster relief efforts, the Act suspended the deduction limitations. Ordinarily, deductions of these contributions by individuals are limited to 60% of adjusted gross income. The provision is effective retroactively but also temporarily, covering 2018 and 2019 contributions as well as this year’s contributions so long as they are made before February 18, 2020. The limit still applies to contributions to donor-advised funds and supporting organizations.
Extreevaganza 2026 Presented by Treetops Resort
When the Otsego Community Foundation announced its transition away from hosting Extreevaganza, three local organizations stepped forward to ensure this beloved holiday tradition would continue: Treetops Resort, BJ's Restaurant & Event Center, and Otsego Resort....
