Re:The suicide rate for farmers in the U.S. is more than dou...
by danans on Wednesday December 06, 2017 @12:34PM
(#15862980)
They might benefit indirectly from the donation in a way they couldn't by spending the money themselves, while also getting an income tax deduction.
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Re:The suicide rate for farmers in the U.S. is more than dou...
by nsxwolf on Wednesday December 06, 2017 @12:36PM
(#15863007)
I'm separating the people I'm talking about from people that actually just want to make donations because of the social good. This other group seems to have no interest in making contributions other than their own misunderstanding of what a tax deduction is.
Re:The suicide rate for farmers in the U.S. is more than dou...
by ams6110 on Wednesday December 06, 2017 @02:18PM
(#15864003)
Other than "feeling good" you can't derive personal benefit from a deductible donation.
Re:The suicide rate for farmers in the U.S. is more than dou...
by danans on Wednesday December 06, 2017 @02:28PM
(#15864110)
That's not true. If the donation helps enable a societal outcome that you benefit from (i.e. a donation to a local environmental cleanup nonprofit organization results in a cleaner park for you to enjoy), then you can benefit. You can't derive an exclusive personal benefit from it, of course. If you did, it would be tax fraud.
Re:The suicide rate for farmers in the U.S. is more than dou...
by thomas_howland on Wednesday December 06, 2017 @05:14PM
(#15865522)
Depending on how underwithheld you are, you can avoid tax underpayment penalties.