Source: PSHH
A new provision with the IRS allows for an additional $300 tax deduction for gifts made to qualifying charities before December 31, 2020. Even if you don’t itemize your charitable donations, you may still qualify for a $300 deduction on your IRS return.
“We are very excited to remind our supporters of this additional accommodation”, said Peoples’ Self-Help Housing (PSHH) Chief Financial Officer Griffin Moore, “$300 can do an enormous amount of good at PSHH, and I encourage everyone to look at every deduction they can to help our neighbors in our community.”
“Our nation’s charities are struggling to help those suffering from COVID-19, and many deserving organizations can use all the help they can get,” said IRS Commissioner Chuck Rettig. “We encourage people to explore this option to help deserving tax-exempt organizations – and the people and causes they serve.”
A donation of $300 to Peoples’ Self-Help Housing can make a great impact on families throughout the Central Coast. By making your generous gift, you will:
•Assist with 3-5 months of utilities
•Supply 2-3 families with gifts for the holidays
•Purchase a month of groceries for housebound seniors
•Provide 6 months of internet services for virtual learning
•Buy a year of school supplies for 10 ambitious students
•Supply 6 move-in kits for formerly homeless families
•Purchase an annual bus pass for a resident to travel to work
•Provide 10 winter coast for children
Learn more about Publication 526 at bit.ly/3gASEjw and maximize the impact of your tax deduction at pshhc.org/yearendappeal
About Peoples’ Self-Help Housing (PSHH)
Founded in 1970, PSHH is the longest-serving nonprofit affordable housing organization on the Central Coast. With a mission of building homes and providing services to strengthen communities and change lives, PSHH serves low-income households, working families, seniors, farmworkers, veterans, those living with disabilities and the formerly homeless. It also provides homeownership opportunities through a self-help, “sweat equity” program that has seen over 1,200 homes successfully completed. PSHH has a presence in San Luis Obispo, Santa Barbara, Ventura, and Monterey counties, manages nearly 2,000 rental units, and employs over 200 staff members. For more information, visit pshhc.org, email info@pshhc.org or phone (805) 781-3088.