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Thank you for supporting Annie Wright Schools and students. The financial year runs July 1 to June 30, and we welcome gifts any time. To make gifts by check, cash or student account, please contact Grace Finch.

Enhanced Charitable Giving Incentives

Temporary Universal Charitable Deduction
For the year 2020, taxpayers who do not itemize their deductions can take a one-time deduction of up to $300 for cash gifts made to charitable organizations. The provision is intended only for the year 2020; however, the bill does not include an end date so could conceivably extend beyond this calendar year.

No Limit on Deductions for Cash Gifts
A provision also suspends the 60 percent adjusted gross income limitation for individuals’ charitable contributions for the year 2020
. In a typical year, individuals can only take a charitable deduction of up to 60 percent of their adjusted gross income, no matter how much they give. For 2020, there is no limit, making cash contributions fully deductible.