Category: About NCBS

Tax Planning Information For 2021 Charitable Contributions If You Take The Standard Deduction

Here is some useful tax planning information for 2021 only if you are interested in supporting local bluegrass music with tax-advantaged contributions. The Northern California Bluegrass Society/Santa Cruz Bluegrass Society is an official Internal Revenue Code Section 501(c)(3) organization that accepts tax-deductible contributions.

For the tax year ending on December 31, 2021, it is possible to deduct cash gifts up to $300 for an individual or $600 for a married couple filing jointly, even if the taxpayers do not itemize deductions — that is, the 90% of taxpayers who take the standard deduction. Gifts must be made by check, credit card or debit card to a qualified 501(c)(3) charity. Volunteers who have unreimbursed out-of-pocket expenses will also qualify for this deduction.

Also, cash gifts to public charities usually have deduction limits of 60% of a donor’s adjusted gross income, but in 2021 (only) the limit has been temporarily raised to 100% of AGI. In addition, donors who contribute more than the limit may carry the balance of the deduction forward for up to five years after the year of the gift.

To take advantage of these tax provisions, your contribution must be made before December 31, 2021.

NCBS Set For Full Schedule Of Great Live Bluegrass Events In 2022!

After (sigh) many months of Coronavirus-limited activity, the Northern California Bluegrass Society is planning a full schedule of live music events for 2022.

The widespread availability of Coronavirus Vaccines will make in-person bluegrass music gatherings safe and fun once again. Now is the time for all bluegrass fans to get their vaccine status updated, so everyone will be ready to go for the upcoming bluegrass season.

We can’t wait — see you soon!

If You Shop On Amazon For The Holidays You Can Support Local Bluegrass Music

The holiday shopping season is coming. If you shop on Amazon using the link below, the AmazonSmile program will  donate to the Northern California Bluegrass Society/Santa Cruz Bluegrass Society and support local bluegrass music without cost to you.

Here is the link: smile.amazon.com/ch/94-2907716  (“Santa Cruz Bluegrass Society”).

Here is more information: NCBS AmazonSmile Information.

NCBS/SCBS Donations Are Welcome; Special Tax-Deduction Opportunities For 2021 Only

The Northern California Bluegrass Society/Santa Cruz Bluegrass Society is an official Internal Revenue Code Section 501(c)(3) organization that accepts tax-deductible contributions. Here is some useful tax planning information for 2021 only if you are interested in supporting NCBS/SCBS with tax-advantaged contributions:

For the tax year ending on December 31, 2021 (only), it is possible to deduct cash gifts up to $300 for an individual or $600 for a married couple filing jointly, even if the taxpayers do not itemize deductions — that is, the 90% of taxpayers who take the standard deduction. Gifts must be made by check, credit card or debit card to a qualified 501(c)(3) charity. Volunteers who have unreimbursed out-of-pocket expenses will also qualify for this deduction.

Also, cash gifts to public charities usually have deduction limits of 60% of a donor’s adjusted gross income, but in 2021 (only) the limit has been temporarily raised to 100% of AGI. In addition, donors who contribute more than the limit may carry the balance of the deduction forward for up to five years after the year of the gift. To take advantage of these tax provisions, your contribution must be made before December 31, 2021.

Useful Tax Planning Information For Donations Made Before December 31 2021

Here is some useful tax planning information for 2021 only if you are interested in supporting NCBS/SCBS with tax-advantaged contributions:

The Northern California Bluegrass Society/Santa Cruz Bluegrass Society is an official Internal Revenue Code Section 501(c)(3) organization that accepts tax-deductible contributions.

For the tax year ending on December 31, 2021, it is possible to deduct cash gifts up to $300 for an individual or $600 for a married couple filing jointly, even if the taxpayers do not itemize deductions — that is, the 90% of taxpayers who take the standard deduction. Gifts must be made by check, credit card or debit card to a qualified 501(c)(3) charity. Volunteers who have unreimbursed out-of-pocket expenses will also qualify for this deduction.

Also, cash gifts to public charities usually have deduction limits of 60% of a donor’s adjusted gross income, but in 2021 the limit has been temporarily raised to 100% of AGI. In addition, donors who contribute more than the limit may carry the balance of the deduction forward for up to five years after the year of the gift.

To take advantage of these tax provisions, your contribution must be made before December 31, 2021. Thanks for your support.

NCBS Schedule For 2022 Will Be Full Of Great Live Bluegrass Music

The Northern California Bluegrass Society is planning a full schedule of live music events for 2022. In the meantime, NCBS has cancelled all events for the remainder of this year out of concern for the safety of our members. By 2022, the widespread availability of Coronavirus Vaccines is expected to make in-person bluegrass music gatherings safe and fun once again. Now is the time for bluegrass fans to get their vaccine status updated, so everyone will be ready for the upcoming bluegrass season.