Burholme Emergency Medical Services

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November 30, 2020

The CARES Act adds a new tax deduction available in 2020 and future years. It allows for a $300 deduction per taxpayer ($600 for a married couple) for charitable gifts on their federal income tax returns. Charitable gifts can be made to ambulance and EMS agencies that are either non-profit organizations or public agencies consistent with IRS rules. This new provision affects the vast majority of taxpayers who do not itemize deductions. It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thus reduce their taxable income.

This deduction is in addition to and does not take away from the standard deduction. Taxpayers who itemize cannot take advantage of this new deduction, as their charitable contributions are reported elsewhere on the tax form.

Charitable organizations have long advocated for this type of universal deduction, and non-profit or public agency ambulance services should encourage their residents to take advantage of it when asking for the community’s help. This is particularly important since non-profit ambulance services have had to stop all in-person fundraising events such as dinners, bingo, raffles and other public events at their stations – and many citizens are asking their ambulance services where they can now help.

HIGHER CHARITABLE DEDUCTION LIMITS
A second change lifts the cap on how much donors can deduct in charitable gifts in a single year. This will primarily impact more wealthy taxpayers who itemize deductions – but these are the taxpayers with more expendable income to donate. Before the CARES Act was signed into law, there were limits on the amounts that individuals could deduct – up to 60% of adjusted gross income, or AGI. The CARES Act eliminates the cap entirely for 2020, so that a donor can now fully deduct gifts to public charities equal to as much as 100% of their AGI this year.


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Burholme Emergency Medical Service
830 Bleigh Street
Philadelphia, PA 19111

Emergency Contact: 215-745-1550
Non-Emergency: 215-725-4030
Station Fax: 215-745-3997
E-mail: Info@burholme.org
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