Help improve health and well-being for all when you make an annual gift to Harvard Medical School.

Every gift counts, no matter the size, and your collective gifts provide HMS a consistent source of funding for key priorities.

New 2021 Charitable Gift Tax Deductions

The Federal Consolidated Appropriations Act of 2021, signed in late December, includes updates that extend CARES Act provisions and tax incentives for donors this year:

  1. Donors who do not itemize deductions on their taxes in 2021 can now deduct up to $300 in cash gifts. Jointly filing couples can deduct up to $600 in cash gifts.
  2. Donors who itemize can deduct up to 100% of their adjusted gross income for cash gifts. This deduction does not apply to gifts contributed to donor-advised funds.
  3. Donors ages 72 or older must take their required minimum distribution (RMD) from retirement plans in 2021. You may want to consider gifting it directly to charities to avoid taxable income.