We depend on our community for support. Your donations, volunteer time, and participation keep this non-profit strong. Thank you always for your support! The VFAA is a 501(c)3 non-profit organization since 1992 and your donation is tax deductible. Thanks to the new 2020 CARES Act, your donation gives great, new tax benefits! *see more below
Please donate. We need your support now more than ever.
*From Forbes Magazine: Under the CARES Act, [individual] taxpayers can now take a deduction for up to $300 in charitable contributions if they don’t itemize on their 2020 tax form. This is a flip from the previous rule that required itemization for a tax break. According to Section 2205 [of the CARES Act] there is now no limit to the deductions you can take for charitable contributions if you itemize (list out) your contributions. Previously, you could only deduct up to a maximum of 60% of your adjusted gross income (AGI) via charitable contributions. But under the new guidelines, 100% of your donation would now be tax deductible, meaning if your taxable income is $500,000 in 2020, and you give away $500,000 to qualified organizations in 2020, you won’t have to pay taxes on your income. This change applies only to cash gifts made to charitable organizations qualified by the IRS (section 170(b)(1)(A),0).