b'HonorHealth Foundation8125 North Hayden RoadScottsdale, AZ 85258CARES Act Tax Benefits ExtendedThe tax benefits of the CARES Act, a stimulus package that expands charitable tax incentives for COVID relief, have been extended through 2021. For individual taxpayers who itemize deductions, you may nowdeduct charitable contributions of cash up to 100 percent of youradjusted gross income. Prior to the CARES Act, this was capped at60 percent. If you do not itemize deductions, taking the standard deduction,you may deduct charitable gifts of cash up to $300 (filing single) or$600 (filing jointly). This is an above the line deduction. Corporate taxpayers may deduct up to 25 percent of taxableincome, up from the previous limit of 10 percent.As always, consult with your tax professional. For more information, contact HonorHealth Foundation at 480-587-5000 or Foundation@HonorHealth.com.HonorHealthFoundation.org|HonorHealth Foundation is a not-for-profit 501(c)(3) organization'