Category: Resources

Ten Day Reminder: December 31 Is Deadline For 2021 Tax-Deductible Donations To NCBS/SCBS

Ten Day Reminder: December 31, 2021 is the deadline for some 2021-only favorable tax treatments of contributions to the Northern California Bluegrass Society, as certain opportunities will expire after this tax year.

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 which are used to support local bluegrass music.

Here is some useful tax planning information for 2021 if you are interested in supporting local bluegrass music with tax-advantaged 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 taxpayer(s) 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. This provision will expire at the end of 2021.

Gifts to charities like the NCBS/SCBS 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.

Two Week Reminder: Deadline For Some Tax-Favored Treatments Of Donations To NCBS Is December 31

Two Week Reminder: December 31, 2021 is the deadline for some 2021-only favorable tax treatments of contributions to the Northern California Bluegrass Society, as certain opportunities will expire after this tax year. 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 which are used to support local bluegrass music.

Here is some useful tax planning information for 2021 if you are interested in supporting local bluegrass music with tax-advantaged 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 taxpayer(s) 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. This provision will expire at the end of 2021.

Gifts to charities like the NCBS/SCBS 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.

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FREE NCBS Stolen & Missing Instrument Page Is Linked On This Website

The NCBS National Bluegrass Stolen & Missing Instrument Page is on this website. This service is for both theft victims and used instrument buyers. It provides a central reporting location for the recovery of stolen or lost bluegrass instruments. Musicians should immediately SELF POST information about stolen instruments. Instrument buyers should CHECK the page prior to purchase of any used instrument. The FREE page is searchable and links can be added to connect additional information about the instrument.

Retiring Bluegrass Broadcaster Ray Edlund To Be Interviewed On KKUP Monday Night Bluegrass On December 13

Note: This program will be Online Only <www.kkup.org>. Due to a power outage caused by bad weather at the transmitter site, the broadcast station is temporarily off the air.  

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Ray Edlund, the retiring dean of the Bay Area’s bluegrass broadcasters, will be interviewed by NCBS president Michael Hall and program host Mike Russell on Monday Night Bluegrass, 6:00-9:00pm on December 13, 2021. The program will be on KKUP Radio, 91.5FM in the South Bay and the Monterey Bay Areas, and everywhere at <www.kkup.org>.

Edlund is ending his long-running “Pig In A Pen” program on KPFA Radio (Berkeley) on December 19. He is a regular attendee and emcee at the NCBS Good Old Fashioned Bluegrass Festival and has been honored with a Lifetime Achievement Award from the Northern California Bluegrass Society. He ran the CBA Father’s Day Bluegrass Festival in its early days.

Ray Edlund at the KPFA control room board, with the Pigs Foot String Band.

Three Week Reminder: 2021 NCBS Donation Deadline Is December 31

Three Week Reminder: December 31, 2021 is the deadline for some 2021-only favorable tax treatments of contributions to the Northern California Bluegrass Society, as certain opportunities will expire after this tax year.

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 which are used to support local bluegrass music.

Here is some useful tax planning information for 2021 if you are interested in supporting local bluegrass music with tax-advantaged 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 taxpayer(s) 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. This provision will expire at the end of 2021.

Gifts to charities like the NCBS/SCBS 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.

Special 2021 Tax Rules Can Be Used To Benefit Local Bluegrass Music Until December 31 Only

December 31, 2021 is the deadline for some 2021-only favorable tax treatments of contributions to the Northern California Bluegrass Society, as certain opportunities will expire after this tax year. To help you take advantage of these rules, here is some useful tax planning information for 2021 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 which are used to support local bluegrass music.

Charitable Deduction Without Itemizing

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 taxpayer(s) 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.

Higher Limit For Contributions

Gifts to charities like the NCBS/SCBS 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.

Deadline

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

Please Use The Link To Support NCBS/SCBS If You Shop Amazon During The Holiday Season

If you shop on Amazon during the Holiday Season and use 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”).

NCBS AmazonSmile Information