CARES Act Increases Donation Tax Deductibility
The inclusion of an expanded charitable giving incentive is a critical acknowledgement by Congress that the work of nonprofits like the Wisconsin State Fair Park Foundation are essential services. It is the first time Congress has passed this type of giving incentive in response to disaster or national emergency.
The CARES Act will allow most individuals to deduct donations to charity of up to $300 on their 2020 federal tax return. Married-filing-jointly taxpayers will get an above-the-line deduction of up to $600. Please consult with your tax preparer to learn more about these tax benefits and others included in the CARES Act.
Your gift to the Wisconsin State Fair Park Foundation means more now than ever before. We have many giving opportunities to help the Wisconsin State Fair to grow all year long, for any budget and with many different benefits. Scroll below to check out how you can support the Wisconsin State Fair Park Foundation.