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Author: DeltaOne81 Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120807  
Subject: Re: Weird NJ 1099-G Date: 2/2/2009 1:55 PM
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Oy, I guess I can see that. Only doesn't that completely eliminate any tax benefit I'm supposed to receive from giving a charitable contribution? (not that I itemize often)

Because my 1099-G income will offset my Schedule A contributions. My net effect will therefore be zero. And that's *only* if I itemize. If I do not itemize in the current year, but did last year, then I actually pay taxes on my contributions while receiving no tax benefit. I actually end up *paying taxes* on my charitable contribution amount.

If this is true, as nice of a concept as it is, then I think I'm done giving contributions through my return.
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