It’s wonderful when you can go true life with the credo “it’s better to give than to receive”. But it’s probably better when you can give and receive at the same time. When you’re budgeting your charities you must reconsider everything twice. It’s also a nice thing when you can pass the methods to your family. Charity is a nice thing to do. On the website are already 2 allocations given: “charitable sweat equity” and “bigger charity spending by bigger earners”.
You also want to be sure you follow the rules so you'll be able to easily and rapidly justify your donations should the IRS ever question them. Underneath are some guidelines:
- Plan your charity budget
- Sweep away street solicitations
- Relies receipts
- Say no to propped-up value
You can still maximize the cumulative amount that goes around you'll be able to give for the rest of your life by careful planning in light of the following tax facts and rules
- Outer limits
- Maximum and minimum hassle
- Unlock stock and barrel
- Know a benefits self-benefit
Of course there are still several others ways to look and invest at your charity budget. But when I look in the article those 2 are the most important and have probably the most impact.
Els
Source: http://www.forbes.com/personalfinance/philanthropy/2007/06/18/donations-charity-taxes-pf-education-in_af_0618soapbox_inl.html
2 opmerkingen:
I think it's a good thing to give money to charity, and if you get something in return, more people would do it, in my opinion. There will be more cash donated to charity, so everyone is satisfied.
Laura
It is very nice when people give something to charity and it is even nicer when you get something in return. But I think people will invest in the investments who give more in return. Although donation to charity is better for otherones.
Kathleen
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