CASI - Chili Appreciation Society International - Chili, Charity, & Fun
  • ABOUT CASI
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    • Why A CASI Cookoff?
    • FIND A CASI COOKOFF >
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  • TERLINGUA CHAMPIONSHIP
    • TICC HOME PAGE
    • 2022 WINNERS -RESULTS
    • 2023 JUDGES NEEDED
    • 2023 VENDOR APPLICATION
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    • BECOME A SPONSOR
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    • FRIENDS OF CASI PROGRAM
  • KRAZY FLATS
  • Licensing
    • CASI BRANDING
  • HELP DESK
    • CONTACT US
    • RECOVER PASSWORD
​Charitable Giving Incentive:
The Corona Virus stimulus bill (CARES Act) includes a new above-the-line deduction for all taxpayers, even people who use the standard deduction, for total charitable contributions of up to $300. The incentive applies to contributions made in 2020 and would be claimed on tax forms next year. The new deduction would not apply to noncash gifts or to gifts contributed to donor advised funds.  Section 2204.
 
Individual taxpayers who itemize their deductions, the bill would suspend for 2020 the normal limit on deductions for contributions, ordinarily 50 percent of adjusted gross income (AGI) or 60 percent for cash. For corporations, the limit on deductions for contributions, ordinarily 10 percent of AGI, is elevated to 25 percent for 2020. Food donations from corporations would be available to 25 percent, up from the current 15 percent cap. Section 2205
 
As our CASI Executive Director, Keith Karaff, has stated, “We appreciate your generosity and willingness to help out, but please keep in mind; we are in the early stages here. Many out there are not working, are house bound, or may not have an income for the foreseeable future. While every charitable organization is appreciative of donations, the time right now is to make good, smart financial decisions for yourself. To ensure that you are protected. We want to be able to see on the chili trail when this is all said and done. This is a pothole in the road right now, but we will endure and we will continue.”
 
Each person knows there own personal financial situation; but as we win the war on the Corona Virus and our world comes back to some sense of normal, if you would like to make a donation to assist CASI in fulfilling the organization’s charitable mission, then make sure you understand and take advantage of the charitable giving incentive that is afforded to all taxpayers under the CARES Act.  
 
 
CASI is a 501 (c) (3) tax-exempt organization  of the Internal Revenue Code-EIN-74-2330479  Contributions are deductible under section 170 of the IRS Code. We receive tax-deductible bequests,  transfers or gifts under section 2055, 2106,or 2522. 
© CASI - 2021 Chili Appreciation Society International, Inc.   CLICK ​HERE FOR TERMS OF USE & COPYRIGHT NOTICE
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  • ABOUT CASI
  • COOKOFFS
    • Why A CASI Cookoff?
    • FIND A CASI COOKOFF >
      • EVENT LIST -Next 90 Days
      • CALENDAR SEARCH - By Month
      • LOCATE EVENT-State or Zip
      • FIND A CASI REFEREE
      • CASI POD SEARCH
      • NEW EVENT REGISTRATION
    • GUIDE-1st TIME COOK
    • COOKOFF RESOURCES >
      • CASI Cookoff Forms & Info
      • CASI Organizational Resources & Forms
      • CASI Insurance
  • JOIN CASI / RENEW
  • CHARITY / SCHOLARSHIP
    • CASI SCHOLARSHIP PROGRAM
    • FUNDRAISING for CASI
    • KIDS COOKING FOR KIDS
    • CASI CHARITY VISION
    • AMAZON SMILE PROGRAM
    • CASI IN ACTION
    • H&R BLOCK - CASI PARTNER
  • HISTORY / FUN
    • HISTORY
    • RECIPES
    • FUN LINKS
    • BLOG
  • MEMBERS ONLY
  • TERLINGUA CHAMPIONSHIP
    • TICC HOME PAGE
    • 2022 WINNERS -RESULTS
    • 2023 JUDGES NEEDED
    • 2023 VENDOR APPLICATION
  • SPONSORSHIP
    • BECOME A SPONSOR
    • MEET OUR TICC SPONSORS
    • FRIENDS OF CASI PROGRAM
  • KRAZY FLATS
  • Licensing
    • CASI BRANDING
  • HELP DESK
    • CONTACT US
    • RECOVER PASSWORD