LTE: Challenging year

Tuesday, December 22, 2020

Editor,

2020 has been an interesting and challenging year, hasn’t it? For Wake Up and Lace Up and many other charitable organizations, we have had to cancel our fundraising activities due to COVDI-19 restrictions. As a result, providing help to our community during a time of need has been limited or curtailed.

Before the end of the year, you may think about donating to a qualified charity that interests you. There are some advantages to doing this before Dec. 31, 2020. Previously, charitable contributions on federal returns could only be deduced if taxpayers itemized their deductions. With the CARES Act passing, taxpayers who don’t itemize deductions in 2020 may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations. The CARES Act also suspends limits on charitable contributions and temporarily increases limits on contributions of food inventory. More information about these changes is available on IRS.gov or you can contact your financial advisor for further details. It is unclear at this time whether this opportunity will be available next year. Wake Up and Lace Up started helping residents of Eastern Montana in 2011. Our mission is to provide financial assistance for those who find themselves with unexpected expenses due to a serious medical condition. On average, we provide travel expenses and other support to at least one resident per week. As you know, living in Miles City and the surrounding area often requires extensive medical travel, especially for specialized care.

Please consider making a year-end contribution to Wake Up and Lace Up or to 501(c)3 charity of your choice. Your support helps so many people during these stressful times.

Best wishes for a safe, healthy and happy holiday season.

Cindy Reid

Miles City

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