ALBANY, N.Y. (AP) — Gov. Andrew Cuomo says time is running out for New Yorkers who want to get around a federal cap on state and local tax deductions by donating to a charitable fund set up by the state.

The Democrat says Monday is the last day for residents to contribute to the Charitable Gifts Trust Fund before new Internal Revenue Service rules take effect.

Taxpayers can earmark contributions either for health services or education. They can get 85 percent of the donation amount back by claiming a state tax credit.

The fund was created in the state's 2019 budget after federal tax law was changed to put a $10,000 cap on deductions for state and local taxes. The IRS hasn't ruled on whether contributions to the fund will qualify as charitable donations.