Tax Law Info

There is a lot of confusion with the new tax law and how it may affect you personally.

The new law preserves the deduction for charitable contributions, but it also eliminates or limits other itemized deductions, while increasing the standard deduction. In the future, many taxpayers may find it more beneficial to take the standard deduction rather than itemize, even if they give to charity.

Either way, giving to the Cheyenne Animal Shelter is valuable for reasons that go far beyond the tax benefits. It is our shared love for the animals in our care that give your contributions meaning.

We would encourage everyone to remember all of the reasons for supporting a charitable organization before making any major changes to their gifting plans. Contact your financial adviser with any questions you may have about the new tax laws!

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