The United States Congress passed emergency legislation that will help Donors help their favorite Charities continue to do their great work during a difficult time. President Trump signed this into law on Friday evening and we hope it will help others, help us!
Details
A new above-the-line deduction for one year (2020) was created for cash contributions of up to $300 made to qualifying charities. All taxpayers are eligible to take the deduction unlike the standard charitable contribution deduction which provides a tax benefit only to the approximately 8% of taxpayers who itemize their deductions. The new deduction does not apply to non cash gifts or to gifts contributed to donor advised funds.
For individual taxpayers who itemize their deductions, the limit on deductions for contributions, ordinarily 50% of adjusted gross income (AGI) or 60% for cash, is suspended for 2020. For corporations, the limit on deductions for contributions, ordinarily 10% of AGI, is elevated to 20% for 2020.
If you can help us, the US Government will give you a break! Click on the Donate button above if you can help.
Praise God from whom all blessings flow!
COVID19 Update
We also have some great news in that the Hand Up Network has received the highest rating provided by Guidestar for our commitment to excellence and transparency! We could not do all of this without our Volunteers, Donors, Clients, and Staff! Thank you, East Texas!!!!!
HAND UP NETWORK™ is a 501c3 non-profit based in Tyler, TX that has assembled an international team of leaders with decades of experience with a desire to come back home and bring focus to those in need in local communities. The Network offers long-term programs to people seeking a new season in life and response teams designed to address community issues and emergency response. The Network provides intentional volunteer opportunities for people wanting to provide support within their programs and opportunities to engage via Response Teams. The Hand Up Network was awarded the Guidestar Platinum Seal of Transparency for 2020! This is the highest level of achievement possible.