Seperti inilah Tangan yang TIDAK AKAN Disentuh Oleh Api Neraka Selamanya! Semoga kita Semua Termasuk di Dalamnya
Tax time may have you reflecting on how you can lessen your tax burden for next year. One thing to consider is the government's favorable taxation of investing in charitable contributions. Giving to a charity is tax deductible. This means that the money you give to charities does not have to be counted as taxable income. Charities may be non-profit organizations that feed and clothe the poor, provide for education, support the arts, preserve the environment, and more. Giving to your local church or a national religious organization is also designated as a charitable contribution.
Certainly there are wonderful benefits emotionally for giving to those in need or a cause that we believe in. There are also benefits to the reputation of a company. When consumers hear that your company gives to popular charitable causes, they may choose to make more purchases there. Tax benefits can be compounded depending on when and how you give to the charity of your choice. As long as you get your contributions made before December 31st, the amount given is deductible from your taxable income. This is one of the reasons that non-profit organizations and churches typically receive more giving in December than any other month of the year. People are trying to get in charitable donations before the deadline for it to receive the favorable taxation of investing in charitable contributions.
Choosing the month of December can also be done as an investment strategy. The strategy principle is that you hold the money you intend to donate for the entire year in an interest bearing account, and then give the lump sum in December but keep the interest earned. This allows you to make money on money that you are not taxed on. Favorable taxation of investing in charitable contributions can also be done in different formats.
There are charitable gift annuity programs that minimize taxes, provide for the charity, and give back to the donor. You can also have favorable taxation of investing in charitable contributions through routes other than money. You donate items, such as cars, furniture, or real estate. You can also volunteer and record mileage for charitable volunteerism. For taxation purposes, you must remember to request a receipt for your donation from the charity because proof is needed to take advantage of the tax benefits. Usually a church will send out giving statements to its members after the close of the year showing their donations during that calendar year.For more information on investing in investment opportunities usually or normally not found in the marketplace, click here!
Sean Johnson is an Investment Advisor for [http://www.inquest.biz] an Investment Referral Service for investors requesting information on specific investments.
Article Source: https://EzineArticles.com/expert/Sean_L_Johnson/743472
Article Source: http://EzineArticles.com/5937602
