The Coronavirus Aid, Relief and Economic Security (CARES) Act, which became law in March, focuses mainly on economic relief for individuals and businesses, but it also includes tax provisions for charitable giving in 2020.

If you take the standard income tax deduction, you may receive a charitable deduction for cash contributions to Johns Hopkins up to $300. If you itemize your deductions, you may deduct annual cash gifts to Johns Hopkins of up to 100% of your adjusted gross income.

The CARES Act also temporarily waives required distributions from most retirement plans in 2020. And, if you are age 70.5 or older, you can still make a tax-free gift, directly from your IRA to Johns Hopkins, of up to $100,000.