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Financial Planning / Tax Strategies
|Subject: Charitable Missionary Life||Date: 6/26/2013 3:10 PM|
|Author: JLC||Number: 118755 of 124773|
Had a thought this AM while thinking about retirement, income, and taxes.
I do medical missionary work on a regular basis, so I know that certain expenses can be "written off" as charitable deductions. Basically the cost of getting there and staying there but not my professional services.
What would I be able to "write off" if I retired and spent 9 months a year in Nicaragua (or various places) doing medical mission work? Would I be able to count housing, food, etc., as charitable donations for that extended period of time? Isn't there a percentage limit, say I can only donate up to X% of my income?
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