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How about a 2009 tax break for charitable donations?

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
era veteran Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 10:22 AM
Original message
How about a 2009 tax break for charitable donations?
Could be a win win for everybody.
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Nicholas D Wolfwood Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 10:25 AM
Response to Original message
1. Aren't they already tax deductible? (nt)
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hlthe2b Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 10:26 AM
Response to Original message
2. If you file the long form, you already get a tax deduction for
charitable deductions...:shrug: I don't follow your point....
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era veteran Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 10:30 AM
Response to Reply #2
3. Sorry, wasn't clear, I was thinking donations made today in 2010
That might increase some aid to Haiti. I am no kind of expert on tax law but it was a thought.
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sharesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 10:45 AM
Response to Reply #3
4. They did that exact thing for tsunami relief.
Deductible on 2004 return even though donations were made in 2005.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 10:49 AM
Response to Reply #4
5. but the tsunami itself happened in 2004.
i don't think that as many people have as much money available to donate this time around.
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sharesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 10:53 AM
Response to Reply #5
6. You're sure right about that. But those who can and do give should get the deduction.
Needs quick bill and IRS update.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 12:05 PM
Response to Reply #6
8. they will- on next year's taxes.
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Jeff In Milwaukee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 11:00 AM
Response to Reply #2
7. This idea has been kicked around for quite some time....
To file the long form, you almost (almost) have to own a home and have deductible interest and property taxes.

Renters and elderly homeowners (with paid-off mortgages) give to charitable organizations but can't deduct it. And so some in Congress and elsewhere have argued that there should be a "Page One" deduction that would allow for deductible charitable contributions even if you can't itemize.

The proposal has been out there for some time, but never been put up for a vote.
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hlthe2b Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 12:38 PM
Response to Reply #7
9. It is a change that is long past due...
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timeforpeace Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 12:56 PM
Response to Original message
10. Tax breaks are a repuke notion.
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era veteran Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 02:59 PM
Response to Reply #10
11. So you would hinder extra donations?
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Lance_Boyle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 03:07 PM
Response to Reply #11
12. People only make donations for tax purposes in late December.
The problem you posit (that people are withholding charitable contributions because they can't claim a tax break for it) is a non-problem. Show me the evidence of one person who was thinking "I'll donate this money" but decided not to for tax reasons...

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era veteran Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-15-10 03:31 PM
Response to Reply #12
13. My thought was people might want to donate more now if they could use it as
a 2009 deduction. Just trying to think of ways to increase the $ now. I do think if it was possible people might donate more. I donate to Doctors Without Borders & Partners in Health. I'll take the deduction but it certainly is NOT the reason I donate.
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