Year end tax incentives can benefit the Shreveport Chamber

In 2022 the Chamber will be launching a Capital Campaign to raise funds to renovate and restore the Chamber Building.  The CARES Act extended these two Tax Incentives into 2021

  • Charitable giving deduction limit increased to 100 percent of Adjusted Gross Income (AGI) on cash donations for those who itemize. Donors may continue to receive a federal income tax deduction for charitable contributions of up to 100 percent of their AGI for certain cash donations made during calendar year 2021. Prior to 2020, this number was 60 percent.
  • AGI limit for cash contributions increased to 25 percent of taxable income for corporations. The AGI limit for cash contributions also remains increased for corporate donors. Corporations can deduct up to 25 percent of taxable income. Prior to 2020, this number was 10 percent.

If you are looking for ways to maximize your year end giving and make a lasting impact in our community, consider making a contribution to help us preserve a piece of Shreveport history and continue the Chamber’s legacy of service. 

Click here for a short video about our goals for the building

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