2020 Charitable Donations
Northern Indiana Bluegrass is a 501(c)(3) tax exempt organization. Charitable donations to the club are deductible from your taxes. The recently enacted government stimulus bill (the "CARES Act") provides some additional tax relief for donors. This makes it easier to give and save at the same time.
To encourage charitable giving in 2020, the CARES Act includes two tax provisions that reward people who donate to charity.
First, a new "above-the-line" deduction of up to $300 is allowed for cash donations to charity in 2020. You can't claim this deduction if you itemize deductions on your 2020 tax return (i.e., you must claim the standard deduction).
For taxpayers who do itemized on their 2020 return, the 60% of adjusted gross income limit that normally applies to cash contributions is waived. That means you can deduct more of your charitable cash contributions this year.
Send contributions to NIBGA, 5034 Wapiti Dr., Fort Wayne, IN 46804
If you have questions, seek help from your tax advisor.
Join us for our monthly meeting/jam
Oct. 18, 2020
Southwest Conservation Club,
5703 Bluffton Rd,
Fort Wayne, IN 46809
from 1pm until 5pm or so.
Bluegrass only Music please!
No carry-in's allowed, club rules. Full service sandwiches and drinks available.
If you have a fever, cough or other signs of Covid please do not attend. Indiana allows upto 250 attendees at an indoor event provide they practice safe distancing and wear a mask where appropriate.