Ways to Give

Elements of the Coronavirus Aid Relief and Economic Securities Act, also known as the CARES Act, were extended through 2021.

For the 2021 tax year, you may deduct cash contributions to any of New Hampshire’s Community Colleges to offset up to 100% of your adjusted gross income (AGI). Contributions to donor-advised funds or supporting organizations are not eligible for this deduction.

For individuals who do not itemize their tax deductions, the legislation for 2021 extends the $300 universal charitable deduction implemented in the CARES Act. It also allows twice the deduction for couples who file their tax return jointly. As a result, a couple in the 32% marginal tax bracket can save $192 in federal income tax on a $600 donation, for example.

For 2022, the income tax charitable deduction for cash gifts returns to 60%.