Questions tagged [charity]

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163 views

Optimal balence of 401K and charitable savings

I'm trying to figure out the optimal manner to donate the most money to charity. I currently donate all excess income to charity, minus the money I keep for emergencies. Donating to charity is ...
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1answer
392 views

From a tax perspective, how can a business allow a large portion (80%+) of payments to be given to charity (like Humble Bundle)

To anyone who is unfamiliar with Humble Bundle, they let you purchase games (or other media) and you pay whatever you want. They also let you divide this money up between Humble Bundle, the content ...
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1answer
119 views

Are dual US-Canadian citizens in Canada required to pay US taxes on their donations to Canadian charities?

Suppose Gordon is a Canadian citizen resident who is also a US citizen. Gordon earns $1,000,000 a year in net income from his Canadian executive job. He pays an overall rate of 40% in taxes. Gordon ...
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53 views

Lowest Transaction Cost for Charitable Donation [duplicate]

I find most charities have a website that allows you to donate via credit card, paypal, or a physical address you can mail checks (if you dig hard enough). Each have their own transaction costs. ...
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619 views

Can my UK limited company claim tax relief on donations to foreign charities?

I'm English, and run a company that's based in the UK and registered with the UK Companies House. I want to donate some money to charity, but one of the charities I have in mind isn't based in the UK. ...
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5answers
483 views

When and how would a company make money by taking $1 out of my paycheck and donating it to charity?

In the US as I understand it, there are corporate tax deductions for charitable giving. For this or any other reason, would a company with large salary expenditures and positive profits (sometimes) ...
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1answer
137 views

Is A Company Abusing The Tax Code When It Does This, And How Does The IRS Prevent It? [closed]

When answering, please cite specifics. Which section of the tax code deals with this abuse? What cases have been prosecuted? This SO answer describes an abusive tax scheme involving non-cash assets ...
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1answer
163 views

What is the 'opportunity cost' for delaying charitable donations, and when to grant them?

This question is kind of off topic, but this is the best sight I can find for it, so hopefully your humor me. I'm trying to figure out the optimal way to donate my charitable money, this question ...
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2answers
72 views

Tips on frugal approaches to donating to charities for averagely well-off

The title says it all really, but to get the discussion going let's imagine the following simplified reality: Suppose John is 25 years old, lives in the UK, has a very secure job with a take-home ...
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1answer
72 views

Easy way to donate a few dollars to charity, manually, every day? [closed]

(I hope this is not off-topic, and apologies if it is) I'm looking for an easy way to donate a few dollars to charity every day (possibly different amounts, depending on the day). Requirements: I ...
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0answers
54 views

Are campaign contributions to NON government positions tax deductible?

If someone is running for an elected position on a private university board, and you donate to them, is that a tax-deductible contribution? Or does the "no tax deductions for campaigns" refer to non ...
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Supporting Parents by Paying Monthly Payments Tax Benefits

Each month I pay my parents $300 so they can support themselves. My father still works and so is my mother. They filed a joint return themselves. They DO NOT live with me. Can I get any tax benefits ...

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