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Important Tools for the Savvy Investor in 2020

Our financial advisors provide expert tips to help you make strategic philanthropic decisions, save money on your 2020 taxes, and plan for the future.

In March, an important piece of legislation was passed, the Coronavirus Aid, Relief and Economic Security (CARES) Act. This bill provides increased tax incentives for charitable giving for both individuals and corporations effective only this year.

Did you know the adjusted gross income (AGI) limit for cash contributions was increased for individual donors? For cash contributions made in 2020, you can now elect to deduct up to 100 percent of your AGI (increased from 60 percent). Learn additional information about Tax Benefits of the CARES Act.

On October 27 and 29, 2020, Delaware Technical Community College held two free virtual seminars to share information about these incentives and provide guidance as you plan to maximize your 2020 charitable contributions. Our experts have shared timely information (videos are embedded below) for you to consider as we approach the end of the year. These informational sessions will answer questions you might have about the CARES Act and provide charitable gift options that offer financial and tax benefits while allowing you to leave a lasting legacy to the organizations you support.

Learn more about Gift Planning

Tax Implications of The CARES Act & Other Charitable Planning Options

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Basics of Planned Giving

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