CARES Act & Charitable Donations

CARES Act Impact on Charitable Donations

The CARES (Coronavirus Aid, Relief, and Economic Security) Act is designed to help you, businesses, and nonprofits facing economic hardship during the coronavirus pandemic. CARES includes significant statutory changes to federal law that will impact charitable giving, philanthropic planning, and estate planning.

Your giving can go farther in 2021 with the CARES Act.  Several enhanced tax benefits in 2021, include:

  • Itemizers may deduct up to 100 percent of cash gifts to support public charities—including Westfield State—while also reducing their 2021 federal income tax.
  • Non-itemizers are now eligible for a $300 individual charitable deduction or $600 for married joint-filers.
  • Charitable deduction for corporations is increased to 25 percent.

Questions? Contact Bill Hynes at or (413) 572-8647.