HELP OUR ATHLETES RAISE THE FLAG & GO FOR GOLD!
With a goal of $100,000, proceeds from the Raise the Flag Auction will support USA Hockey’s efforts in preparation for the upcoming 2022 Olympic and Paralympic Winter Games.
The USA Hockey Foundation is the non-profit philanthropic arm of USA Hockey.
The Foundation provides long-range financial support for USA Hockey and promotes the growth of hockey in the United States.
Donations to The USA Hockey Foundation are tax-deductible to the extent allowed by the law.
What are the Federal income tax deductions for charitable contributions included in the The Coronavirus Aid Relief and Economic Securities Act (CARES)?
The CARES Act makes a new charitable deduction available to individual taxpayers that do not itemize their deductions. This new benefit, also referred to as a universal deduction, allows for a charitable deduction of up to $300 per individual. This is an above-the-line contribution that is deducted from the individual taxpayer’s income prior to the calculation of their adjusted gross income. This is the one charitable giving benefit that will extend beyond the 2020 tax year.
In addition to the new universal deduction, for 2020, the Act provides incentives for both individuals and corporations by increasing the available deductions on qualified charitable contributions to: