Giving is an important part of our ministry at Community of the Cross. Every year, our offerings support not only our operations and in-house ministries, but also many ministries outside our walls, local, nationally and internationally.
Use one of the following ways to make your commitment for God’s work:
Up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income.
NEW CHARITABLE DEDUCTION LIMITS:
As part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions.
Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% previously).
Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%.
The new deduction is for gifts that go to a public charity, such as CCLC.