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Financial Planning / Tax Strategies
|Subject: Re: Charitable deduction question||Date: 7/31/2013 10:04 AM|
|Author: Wradical||Number: 118939 of 121144|
And, of course, there are all of us who donate stuff to Goodwill without consideration of taxes and take no tax credits/benefits! I'll have to check out my 'sincerity levels'; must be a quart low.
Depends. So you're not doing it for the tax deduction. But -
1. Are you really doing it to benefit the charity, or because it's a convenient way to get rid of stuff that doesn't go in the trash or recycling easily?
2. How do your cash contributions compare to the noncash(junk)?
It's those two factors that determine your charitable sincerity.
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