A Note on the CARES Act

Photo credit: 401(K) 2012 for 401kcalculator.org via Flickr Creative Commons.

The recent federal stimulus package provides special above-the-line tax incentives for 2020 charitable cash gifts, separate from the standard deduction.

Please ask your tax advisor if and how much of your gifts to KNOM qualify under the new rules for the 2020 tax year.