Re:Ask HN: Code for America
by jrockway on Tuesday October 12, 2010 @03:55PM
(#1784672)
Donations are pre-tax.
[ Parent
| on HN ]
Actually, donations come out of your post-tax income, and then you get a tax deduction (not a credit) for them, if you itemize your taxes.
Doesn't this work out the same? I know if you just donate $20 and take the standard deduction it's post-tax, but if you donate $165,000, I'm sure that your accountant can work something out for you.