Tax Time - Charitable Contributions

Discussion in 'Money Matters' started by Harvey, Jan 14, 2015.

  1. Harvey

    Harvey Well-Known Member

    So I just got an earful at the water cooler from the office hot-head about how hypocritical it is to give to charity and the expect something back on your tax return in the form of itemized deductions. This piqued my curiosity as to why exactly the IRS / Federal Government allows this. I have always thought it was a 'program' to encourage charitable giving, but is it that simple or is there more to it?
    Sherry A. likes this.
  2. TBonz

    TBonz Member


    I have always heard the same...I am sure it encourages folks to donate or possibly donate more than they otherwise would have...
  3. Wayne Stollings

    Wayne Stollings Well-Known Member

    I know of those who would rather donate to a charity of their chose than to pay it to the government, which is probably the reason for the deduction being created in the first place.
  4. barney726

    barney726 Well-Known Member

    don't think i know you but count me as one of "those".
  5. Sherry A.

    Sherry A. Well-Known Member

    Yes, it is that simple. It's a "win/win" situation.

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