The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, which was signed into law on March 27, 2020, provides several ways that make it easier for US taxpayers to help charitable organizations like the International & American Associations for Dental Research. Perhaps the most significant incentive is for US taxpayers who do not itemize their tax deductions. Those taxpayers can now deduct contributions to public charities, like IADR and AADR, of up to $300 per taxpayer ($600 for a married couple). Your assistance can have a lasting impact on the mission of IADR and AADR and help strengthen the Associations for years to come.
For taxpayers who itemize, deductions for charitable contributions are typically subject to a limit of 50 percent of adjusted gross income (AGI). However, the limits have been lifted for 2020 to up to 100 percent of AGI for giving to certain types of nonprofit organizations; importantly, donor-advised funds and many private foundations are excluded.
AADR is a member of the Association Foundation Group (AFG) which has additional resources for donors:
Please visit the AFG COVID-19 Resources for additional Cares Act links.
Please consult your tax advisor for additional guidance.