Do you plan on donating on Octet mom'...

iVillage Member
Registered: 08-25-2008
Do you plan on donating on Octet mom'...
592
Sat, 02-14-2009 - 1:25pm

Do you plan on donating on Octet mom's website?



  • Yes
  • No
  • Maybe in the future


You will be able to change your vote.


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iVillage Member
Registered: 02-06-2009
Fri, 02-20-2009 - 9:35pm
Would you (not in general)?
iVillage Member
Registered: 02-07-2009
Fri, 02-20-2009 - 9:38pm
No, I only claim things that I have an actual gift receipt for so there is always a few hundred dollars between what I claim and what I can claim.


Edited 2/20/2009 9:41 pm ET by semi-emptynester
iVillage Member
Registered: 02-06-2009
Fri, 02-20-2009 - 9:43pm
WHY would you do that?
iVillage Member
Registered: 02-07-2009
Fri, 02-20-2009 - 9:45pm
I haven't but it is legal to do so.
iVillage Member
Registered: 02-06-2009
Fri, 02-20-2009 - 9:48pm

How did you find this out?

iVillage Member
Registered: 08-03-2008
Fri, 02-20-2009 - 9:51pm

What do you mean, why?

iVillage Member
Registered: 02-06-2009
Fri, 02-20-2009 - 9:52pm
Sorry, I don't do my own taxes and my accountant has never mentioned that. If he did, I would look at him very oddly as I would NOT write-off something like girl scout cookies :0
iVillage Member
Registered: 02-07-2009
Fri, 02-20-2009 - 9:57pm

It's in the 1040 instruction booklet page A-7.

Gifts from which you benefit. If you made a gift and received a benefit in return, such as food entertainment, or merchandize, you can generally only deduct the amount that is more than the value of the benefit.

iVillage Member
Registered: 02-06-2009
Fri, 02-20-2009 - 10:00pm

Thanks for the insult :0


I do claim charitable donations on my taxes but would NEVER write off many of the things that have been mentioned in this thread. To me there is a fine line with writing things off for tax purposes and giving from your heart and being human.

iVillage Member
Registered: 08-31-2008
Fri, 02-20-2009 - 10:05pm

< I would never "write-off" help given as cash to someone less fortunate as myself though :)>

Really? So you don't itemize any charitable deductions? I do, but I don't get to write off any because AMT hasn't let me for the past few years. It doesn't mean I don't give, it just means that I don't get tax benefit for it. I don't complain, I do pretty well, but I am particular about where my charitable dollars go, apparently, unlike you.

Do you forgo other tax deductions? Childcare credit, mortgage deduction, retirement savings, state and local taxes, or is just the cash less fortunate benefit you give up?

The federal tax system offers incentives for a reason, and it's not to give the panhandler on the street a buck or two. But there are many good people who just do the right thing because they believe in a cause and, have educated themselves on where their money is best served, and give generously. I give to the arts, to my church, to my schools, to my other charities, I do keep track somewhat because I want to make sure I give back what God has fortunately given me. I tithe a portion of my income, do you?

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