Cedar Falls Outdoor School is seeking supplemental funding to allow for market equitable salaries and medical insurance, child scholarships and facility enhancement. And it couldn’t happen at a better time in terms of tax benefits for donations.
According to an online newspaper, The Inquirer, the IRS is currently offering extra tax deductions for charitable donations made in 2021.
“Through the remainder of 2021, individuals are now allowed to take a special tax deduction of $300 ($600 for joint returns) when donating to a charity even if you are utilizing the standard deduction on your personal return. Businesses have a special deduction of up to 25% (it’s usually 10%) of their taxable income for charitable donations through the end of 2021”. -The Inquirer