Published on December 20, 2021

There is still time to get a Tax Break for your 2021 Donation

You still have time to support Silver Cross Hospital with a charitable donation to the Silver Cross Foundation – the 501c3 fundraising arm, and get a break on your 2021 tax return, even if you don’t itemize deductions.

A special tax break available to most taxpayers, approved by Congress for the 2020 tax year as part of the pandemic relief program, was extended through 2021.

That means individual taxpayers can take a deduction of up to $300 for cash donations made this year when they file their federal tax returns in 2022. Married couples who file joint tax returns can take a deduction of up to $600, instead of being restricted to $300 as they were last year, according to the Internal Revenue Service.

Deductions lower your taxable income, helping to reduce the amount of federal income tax you pay.

Normally, taxpayers can’t deduct charitable contributions unless they itemize — meaning they report each separate deduction on their return and deduct the total. It generally doesn’t make sense to itemize, unless your deductions exceed the “standard” deduction set by the Internal Revenue Service. That’s the amount you can deduct from your income, with no documentation required. The standard deduction for the 2021 tax year is $12,550 for a single taxpayer and $25,100 for a married couple filing a joint return.

To qualify for the extra deduction, the donations must be made to an eligible charity such as the Silver Cross Foundation by Dec. 31, 2021 and must be paid in cash, check or credit card. Donating goods or volunteering your time doesn’t count.

Send your check payable to the Silver Cross Foundation dated on or before 12/31/21 to:

Silver Cross Foundation
1900 Silver Cross Blvd.
New Lenox, IL 60451 

Donate Now with a Credit or Debit Card 

To transfer funds electronically or gift stock, contact the Silver Cross Foundation at (815) 300-7105 or tsimons@silvercross.org for account information.

Thank you for helping Silver Cross continue to improve the health of those we serve and advance wellness in our community.

Donate to Silver Cross

Donate to the Silver Cross Foundation now or call (815) 300-7105 for more information.

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Physicians on Silver Cross Hospital’s Medical Staff have expertise in their areas of practice to meet the needs of patients seeking their care. These physicians are independent practitioners on the Medical Staff and are not the agents or employees of Silver Cross Hospital. They treat patients based upon their independent medical judgment and they bill patients separately for their services.