Tax Advantages of Being Charitable

By
Services for Real Estate Pros with Think Glink Media

Aah…This time of year is filled with generosity. Even curmudgeons are infected with the holiday spirit.

Remember, however, that not everyone is enjoying this season’s largess. This year and last, many people’s lives have fallen apart. People who used to be your neighbors or coworkers—or even you—are now out of work, clutching at unemployment checks, or nothing.

If you want to help out, tax expert Eva Rosenberg explains that there are multiple types of charitable giving. Some provide tax advantages, and others do not. Giving gifts to friends and

 family members may provide a warm and fuzzy feeling, but you can't write off any of that as a tax deduction. Giving to charities and religious institutions, on the other hand, can provide you with tax write-offs.
To find out how to maximize these tax advantages when you're giving to charity this year, read Eva Rosenberg's full blog: http://tax.equifax.com/2010/12/tax-advantages-of-being-charitable.html


 

 

 

Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Addicted to Active Rain
Almost Anything Goes
Dedicated Bloggers
Tags:
charity
taxes
tax deductions
tax writeoffs
donations

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the computer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
95,827
Song San
Coldwell Banker Dynasty - Rosemead, CA
Broker, MBA

  I tried to be generous all year long but usually during the last 3 months of the year that I made the most donations. Happy Holidays

Dec 08, 2010 10:43 AM #1
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
362,682

Ilyce Glink

Best-selling author, award-winning TV/radio host.
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: