Greetings from United Way of Tompkins County,
The end of each year provides an opportunity to pause and reflect on the past year. We are able to feel the gratitude for good deeds and fortune, as well as consider the challenges that we faced. It has been amazing to see the community come together and strengthen Tompkins County and the lives of its community members through 2021. This is why we are excited about the new possibilities for 2022.
We are grateful for our local agencies and their efforts, and we would like to grow our support for them to be stronger than ever in 2022. As you reflect on the things you are grateful for, please consider extending your gratitude in the form of a gift to our Community Care Fund. You can support multiple missions with one gift. These agencies and programs are vetted community partners with proven impact.
You also may specify an agency of your choice, both near and far.
Wherever you invest in our community, UWTC distributes 100% of your gift according to your selections. We look forward to sharing the generosity of community members like you.
Thank you for joining us to build a future of new possibilities.
Now is a great time to give!
During December we have a special partnership with Agway of Ithaca to help increase the impact of your gift. Find out more by clicking here and listening to a special message from our Campaign Chair Pat Wynn.
Also, give before the end of 2021 and take advantage of deduction increases! (learn more below)
100% limit on eligible cash contributions made by taxpayers who itemize deductions in 2021
You could apply up to 100% of your adjusted gross income for qualified contributions made in 2021. Qualified contributions are cash contributions to qualifying charitable organizations.
The IRS has more info here.
Deduction for individuals who don't itemize
Don't itemize your deductions? You can still claim a limited deduction for 2021 made to qualifying charitable organizations.
Married individuals filing separate returns can claim up to $300 for cash contributions made during 2021 and $600 for when filing joint returns.
The IRS has more info here.
Corporate limit increased to 25% of taxable income
C corporations can apply an increased corporate limit of 25% for charitable cash contributions made to eligible charities in 2021.
The IRS has more info here.
Cash contributions that are not tax deductible include those:
- Made to 509a3 Organizations
- Intended to help establish or maintain a donor advised fund
- Carried forward from prior years, so don't wait till next year!
- Made to most private foundations
- Made to charitable remainder trusts
The IRS has more info here.
