On Tuesday 05 March 2002 10:11 am, Michael Sierchio wrote:
> Geoffrey C. Speicher wrote:
> > I am not an accountant, but iff you itemize your tax returns, donating to
> > a non-profit organization does have tax benefits. However, most people
> > do not itemize, since it is not worth doing so unless you have over $500
> > of donations and other qualifying expenses (such as un-reimbursed
> > business expenses).
This is rather off-topic, but . . . .
Almost everybody who owns a house, if they are smart, itemizes because the
deduction for mortgage payments alone makes it worthwhile.
There are a number of people who don't but probably should, of course.
> You can deduct a donation, minus the value of what you receive
> in return.
>
>
>
>
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