Year of deductibility of year-end contributions
The IRS states that contributions are deductible in the year made. Checks will count as a 2020 contribution as long as they are mailed in 2020 and clear shortly thereafter. Donations made online or charged to a credit card will count as a 2020 contribution as long as they are posted in 2020. At Wrightsville Beach Baptist Church we will follow these guidelines as we want to have full integrity regarding the timeliness and cut-off of year-end contributions.
1) A check written and/or dated in December 2020 but deposited in the church offering in January 2021 will be a year 2021 contribution.
2) A check written and postmarked in December 2020 is a year 2020 contribution, even if it’s not received until January 2021.
3) A check written in December 2020 but not postmarked until January 2021 is a year 2021 contribution.
4) Credit card contributions that are posted before the end of 2020 count for 2020, even if the credit card bill isn’t paid until 2021
For gifts of securities, please instruct your broker to transfer the securities as follows:
Wrightsville Beach Baptist Church
A/c # 428307691
If you have further questions regarding contributions to the ministry and mission of Wrightsville Beach Baptist Church, please call the church office at 910-256-3682 or email the office via email@example.com.