An important message from our accountant, Tim Montgomery:
Temporary Suspension of Limits on Charitable Contributions
In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a percentage (usually 60 percent) of the taxpayer’s adjusted gross income (AGI). Qualified contributions are not subject to this limitation. Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. A corporation may deduct qualified contributions of up to 25 percent of its taxable income. Contributions that exceed that amount can carry over to the next tax year. To qualify, the contribution must be:
- a cash contribution;
- made to a qualifying organization;
- made during the calendar year 2020
Contributions of non-cash property do not qualify for this relief. Taxpayers may still claim non-cash contributions as a deduction, subject to the normal limits.
The Coronavirus Tax Relief and Economic Impact Payments page provides information about tax help for taxpayers, businesses, tax-exempt organizations and others – including health plans – affected by coronavirus (COVID-19).
– Tim Montgomery CPA PLLC / 412 Golden Bear Court, Suite B208, Murfreesboro, TN 37128 / 615-962-0156/615-895-8151 / www.timmontgomerycpa.com
Thank you for your interest in supporting Rutherford County Area Habitat for Humanity! As of September 2020, we have built 164 houses in Rutherford County and are about to start our Legacy Pointe subdivision, which will eventually provide homes for 77 families! We have several ways to donate to our mission of building safe, affordable and quality houses for families in need!
⇒ Homes, Communities, Hope & You Campaign – secure online donation
Jonathan and Drew Scott, HGTV’s The “Property Brothers”, share why they love Habitat and how Habitat can build affordable housing – utilizing volunteers on the build (we typically have over 300 volunteers on each house!) and making great purchasing decisions.
Homeownership has a great impact on both the family and the community!
Our Habitat houses are well-built, attractive, energy efficient and Energy Star! Habitat families report that their utility bills are usually 1/3rd of what they paid in their rental housing! Habitat home mortgage payments are typically $700, whereas they used to pay $1000 – $1500 a month for their rental housing! So Habitat families save in many ways by BUYING their home instead of renting!!
Join our mailing list to find out about Habitat builds and volunteer opportunities!
Here’s How Your Donation Can Help Build a Home!
$20.00 = Box of Nails
$75.00 = Low Flow Toilet
$150.00 = Wall Framing
$1000 = Flooring
$2000 = Appliances
$50.00 = Kitchen Sink
$100.00 = Window
$200.00 = Front Door
$500 = Paint
$3000 = Drywall