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stealie72 posted:You have to have a relatively substantial number of deductions (charitable, mortgage interest, etc) to make it worth itemizing them, vs just taking the standard deduction (which is like $6,500-ish for a couple, I think).[/i] Also, the tax benefit from charitable giving is (one minus your marginal tax rate) x (the amount you give). Someone with a lower income has a lower marginal rate, which means less of a tax benefit for charity even if they manage to deduct it.
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May 26, 2009 15:39
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| # ¿ Apr 29, 2024 10:49 |
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