捐款不能避税（捐物可以） - FreeOZ论坛

that concept makes ZEEEERO sense to me!
maybe someone can clarify for me!
if you're in the 25% tax bracket, for each dollar you donate, you get 25 cents reduced from the taxes you owe.

well, won't you be much better off if you keep that dollar you were going to donate? lol

i guess i understand if people are donating cause that's what they do....and hey, they get a tax benefit in return....

what i don't understand is people trying to URGE you to donate cash 'in order to' get a tax deduction! lol

Read more: http://www.city-data.com/forum/p ... .html#ixzz1xXtc50hY

First of all, you don't donate MONEY. You donate "things" which have a value that you place upon them. For instance, you donate an old living room set to goodwill and you can claim a $500 donation for that - if you think that is the true value of the merchandise....

The objective is to donate enough "stuff" to bring you down to a lower tax bracket. That way you have gotten rid of a lot of "junk" and reduced your tax liability significantly.

You can bet your boots that many people who donate "cash" are getting some kind of financial kick-back or benefit for doing so. Otherwise, they would not have the incentive to do it.

Read more: http://www.city-data.com/forum/p ... .html#ixzz1xXti6oth