There have been questions regarding the impact of the new tax law on donations to The Fighting Children's Cancer Foundation. Please know that your donations directly help children and families fighting pediatric cancer. You are funding utility bills, car payments, groceries, rent/mortgage, and other essentials so that parents can focus on the needs of their family as they face unimaginable hardship.
Here are a few ideas on how to maintain a tax benefit from your generous donations:
- "Bunching" deductions: When you support our organization annually, consider bunching several years of deductions into one year to get a tax benefit that would be otherwise limited/eliminated with the raising of the standard deduction.
- Utilizing donor-advised funds to group multiple years of donations into one year.
- Contact your congressional representative to support a universal charitable donation deduction that would allow a deduction for qualified donations whether or not you itemize your deductions.
- Contact your tax advisors for further guidance.
Thank you for being part of the Fighting Children's Cancer Foundation family.