
Will You Make One More Gift This Year?
As we near the end of 2021, we wanted to highlight some unique giving opportunities made possible by tax law changes enacted in response to the pandemic. These changes allow more Americans to easily deduct up to $600 in donations to qualifying charities such as Mundelein Seminary.
Ordinarily, people who choose to take the standard deduction cannot claim a deduction for their charitable contributions. But a temporary law change now permits them to claim a limited deduction on their 2021 federal income tax returns for cash contributions made to qualifying charitable organizations. Nearly nine in 10 taxpayers now take the standard deduction and could potentially qualify.
Under this special charitable deduction tax rule, married couples filing jointly can deduct up to $600 in cash donations and single taxpayers and married individuals filing separately can deduct up to $300.
Cash contributions include donations made by check, credit card, or debit card and processed before December 31, 2021. For processing rules, note that any credit card or debit card transaction must be posted on your bank statement on or before December 31, 2021 and any checks must be dated and mailed (US postmark) by December 31, 2021.
We are so grateful to our generous donors who have supported Mundelein Seminary this past year or throughout the past 100 years.
As we celebrate our centennial, we recognize that the mission of forming parish priests is simply not possible without the steadfast prayers and support of donors like you.
Please note any intentions along with your gift and our seminarians will remember them in prayer.
