Breaking News – Donors Now Get a 100% Tax Break for Donations
The CARES Act lifts donation caps to 100% for individuals and joint filers, while corporations will see their cap lifted to 25% for 2020. These are truly substantial changes to the tax treatment of donations and they can be for the donation of goods, not just cash. For individuals, it could theoretically mean zero taxable income if someone gives big. My Recovery Day tracks your donation of goods/products and can get you the highest donation amount possible through our online sales platforms. Now is the time to clean out the storage closets and rooms or get rid of excess inventory to take advantage of this tax deduction.
If you own a business, we are now taking donations of excess inventory, tools, medical equipment, vehicles and IT equipment. Individual donations can be toys, collectibles, cameras, cell phones, tablets, computers, servers, audio equipment, etc. We take most items except clothes (unless new with tags), larger furniture pieces and appliances. We will take car and motorcycle donations. If you are local, we can also pick up the items. You can contact us with any questions or to schedule a pick up. Need to talk to someone, call Bill at 216-978-9902
If you know someone who has been touched by addiction, then you can help. My Recovery Day is a 501c3 nonprofit whose mission is to support individuals recovering from addictions. Whether you make an online monetary donation or a donation of goods, they are tax deductible.
