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Thread: Giving to Charity

  1. MilitarySOS Jewel
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    #1

    Giving to Charity

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    do you think that it should be a tax write off?

    I didnt want to thread Jack the other post, but I was curious.

    We give to give. At church, to goodwill, etc etc, we never even think about it as a tax credit.
    Are you scrappy enough for me
  2. Bex
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    #2
    i don't think you'd get much out of it if you were donating more than the "standard" deduction, kwim?
  3. MilitarySOS Jewel
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    #3
    All we ever want is a smile or a thank you.
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    #4
    I have never even bother to figure out how much we give a year. I know we did quite a bit with Danica's life insurance money, it never crossed my mind to to try and claim it. Oh well, that is not why we did it.
  5. Independent Beachbody Coach
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    #5
    Bill & I honestly don't look at it as a tax cut at all. I didnt know why last week in the mail I had received a letter with all the amounts we had donated to the church through out the year. We donate to quite a few different causes throughout the year and don't once think of it in that sense either.
  6. ahimsa
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    #6
    I think the only people who do deduct is are the rich people. LOL. I never write off my donations because they are mostly like $20-$50 at a time anyway.
    It's Halloween so.... you know, BOO!
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    #7
    It is a tax write off...not sure how much you get for it though.
  8. Loving Life!
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    #8
    I never thought about the tax deduction from giving to charity. I give because I want to give....the tax deduction is just bonus. We itemize because we own a home.

    My little Loves!
  9. Loving My Life As A Mom And Wife
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    #9
    We donate all the time. I don't even bother to keep up with it. I give it and want nothing in return.
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    #10
    It depends. I donate a lot to SA most years. I donate a ton of stuff that I would consider "play clothes" (stuff that has no holes, no rips, no stains, but has been worn more than 10-15 times), used household goods that are still definitely useable but not stuff that is in immaculate, brand new condition and things of that nature. Most years, I think I donate probably $500-$1K worth of stuff.

    However, last year, I donated around $3K worth of clothes that were in GREAT condition, lots of nearly new baby clothes, toddler clothes and a TON of maternity stuff, a lot of which had never been worn. Typically, I don't donate with the sole intention of it being a tax write off, but we aren't exactly in a position to just give away a ton of stuff like that for free, and with three kids and a full time business to run, I didn't have time to sell each individual piece even though we REALLY REALLY NEEDED that money. So, after seeing a commercial for the salvation army saying that every donation is tax deductible, I thought that would be such a better solution for us. I was very wrong b/c not a dime was deductible b/c it didn't put us over the "standard deduction".

    If people can afford to donate a lot, good for them. We REALLY needed that money though and I really was not in a good enough financial position to just give that much stuff away. As much as I would have LIKED to do it for free, we just can't afford to.
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