Thank you for your generosity in helping to improve recreational opportunities, sending kids to camp and other after school activities, and providing equipment and supplies. To contribute online, please select gift amount below:
**** Important Tax Information ****
New Deduction Available: A recent bill makes a new deduction available for up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is particularly beneficial to people who take the standard deduction when filing their taxes (in other words for taxpayers who do not itemize their deductions). It is calculated by subtracting the amount of the donation from your gross income. It is an “above the line” adjustment to income that will reduce your AGI, and thereby reduce taxable income.
To qualify, you would have to give a donation to a qualified charity. If you have already made your donation since Jan. 1, that contribution counts toward the $300 cap.
New Charitable Deduction Limits: As part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions. Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% previously).
If you prefer to mail your gift, please send to: RRPFI, 200-B Monroe Street, Rockville, MD 20850
Questions? Please call 240-314-8867
Donations are tax-deductible in accordance with IRS regulations.