Dear HC Band Families: Two things are certain – death and taxes. The new tax bill is expected to increase the “standard deduction,” which means many families who previously itemized their deductions no longer will permitted to do so. This means, starting in 2018, your charitable donations may be deductible no longer.
No worries. As you consider making your end-of-year charitable donations, please remember Henry Clay Band Boosters. All funds raised by HCBB are used to support band programming, e.g. instrument purchase and repair, transportation, uniforms, meals, competition fees, etc. HCBB is a 501(c)(3) tax exempt organization. Donations to HCBB are fully deductible to the extent allowed by law.* If you intend to donate in 2018, consider accelerating your donation to this year to avoid uncertainty and to take advantage of current tax rules permitting such deductions in 2017.
To donate in 2017, place a check in the mail payable to “HCBB” before midnight on Sunday, December 31, 2017. Address: HCBB, 2100 Fontaine Road, Lexington, KY 40502. Or, to do so on line, please CLICK HEREand follow the instructions. Same deadline applies.
Please forward this email to family, friends, and other supporters of Henry Clay Bands. Thank you for your support, and Happy New Year to you and your families!
*(The deductibility of charitable donations depends upon your individual financial circumstances. Consult a tax professional if you have tax questions.)