Bradford Tax Institute
Article Date:
March 2014


Word Count:
879

 

 

Beware, Be Alert, and Be Selfish with Charitable Contributions


Should you give to charity only when you can claim tax deductions for your charitable contributions?

 

Would that make you selfish?

 

Or would that just make you smart?

 

Perhaps it’s selfish, but tax-deductible charitable contributions benefit almost everyone. The two primary beneficiaries are:

 

1.

You—because the government subsidizes your donation with a tax deduction, and that saves you money.

2.

The charity—because the charity receives more donations than it otherwise would.

 

The big exception to the “everyone benefits” rule is the government. It costs the government about $46 billion a year in lost ... Log in to view full article.

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