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<DIV>Maybe they were trying to encourage some gifts to the Red Cross or
similar?</DIV>
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<DIV style="font-color: black"><B>From:</B> <A title=dean@vinsonfarm.net>Dean
Vinson</A> </DIV>
<DIV><B>Sent:</B> Thursday, April 16, 2020 8:31 PM</DIV>
<DIV><B>To:</B> <A title=at@lists.antique-tractor.com>'Antique Tractor Email
Discussion Group'</A> </DIV>
<DIV><B>Subject:</B> [AT] Tax deductible contributions to antique tractor
clubs</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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<P class=MsoNormal>Today I learned (on a forum about classic railroad equipment)
the coronavirus relief act contains a provision allowing those who do not
itemize deductions to still subtract from their 2020 taxable income up to $300
of charitable contributions. Internet searches for “CARES Act
Section 2204” or “CARES Act incentives for charitable giving” will turn up
details.<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>I mention this because some antique tractor associations are
501(c)(3) tax-exempt organizations, and the recent increase to the standard
deduction meant that I and surely many others no longer itemize deductions…
which might tend to remove some incentive or at least remove the reminder to
donate to charitable causes. Section 2204 in the CARES Act puts some
of that incentive/reminder back.<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>Dean Vinson<o:p></o:p></P>
<P class=MsoNormal>Saint Paris, Ohio<o:p></o:p></P>
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