On March 27, 2020, the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. In order to encourage charitable contributions at this unprecedented time, the CARES Act made some valuable changes to the way those contributions are treated on your tax return.
To read the full text of this post by Duane Morris attorney Joanna Lardin, please visit the Duane Morris Private Client Services Blog.