Comments on: 2008 Tax Donation Ideas To Help Your Wallet and Those Less Fortunate http://thepassivedad.com/2008/12/2008-tax-donation-ideas-to-help-your-wallet-and-those-less-fortunate/ Sharing Passive Income and Money Saving Tips Tue, 03 May 2011 23:44:32 -0700 hourly 1 http://wordpress.org/?v=3.1.3 By: Scott http://thepassivedad.com/2008/12/2008-tax-donation-ideas-to-help-your-wallet-and-those-less-fortunate/comment-page-1/#comment-2252 Scott Mon, 12 Jan 2009 07:12:31 +0000 http://thepassivedad.com/?p=674#comment-2252 @Greener Pastures I wouldn't think that money given to a sibling would be tax deductible, unless they ran a non-profit organization. You can always check with your tax adviser. I do know that you can gift money to them, but that is a different topic. I think it is generous to help a sibling who might be struggling in these tough economic times. @Hank I really need to start following the 1 year rule. I have clothes and other items that I think I'll wear again, or use again, and never use them. I should create a box or basket that I can just place in the rooms to collect donation items throughout the month. Thanks for the tip:) @PennySeeds Check with your mileage credit card issuer and ask how you can donate miles. Many companies offer this service and all it takes is your account number and that of the qualifying charity. In fact, you might want to check Salvation Army or Goodwill to see if they have a form on the website. @Miranda I really like the idea of helping a local charity as well. We do have Salvation Army that I like to use and they keep many of the items local. The telemarketers that tend to call during the holidays are tough to find out where the money goes towards. @Greener Pastures

I wouldn’t think that money given to a sibling would be tax deductible, unless they ran a non-profit organization. You can always check with your tax adviser. I do know that you can gift money to them, but that is a different topic. I think it is generous to help a sibling who might be struggling in these tough economic times.

@Hank

I really need to start following the 1 year rule. I have clothes and other items that I think I’ll wear again, or use again, and never use them. I should create a box or basket that I can just place in the rooms to collect donation items throughout the month. Thanks for the tip:)

@PennySeeds

Check with your mileage credit card issuer and ask how you can donate miles. Many companies offer this service and all it takes is your account number and that of the qualifying charity. In fact, you might want to check Salvation Army or Goodwill to see if they have a form on the website.

@Miranda

I really like the idea of helping a local charity as well. We do have Salvation Army that I like to use and they keep many of the items local. The telemarketers that tend to call during the holidays are tough to find out where the money goes towards.

]]> By: Miranda http://thepassivedad.com/2008/12/2008-tax-donation-ideas-to-help-your-wallet-and-those-less-fortunate/comment-page-1/#comment-2133 Miranda Tue, 30 Dec 2008 23:36:21 +0000 http://thepassivedad.com/?p=674#comment-2133 We, too, went the local route, donating to the local food pantry and to the local battered women's shelter. We, too, went the local route, donating to the local food pantry and to the local battered women’s shelter.

]]> By: PennySeeds.com http://thepassivedad.com/2008/12/2008-tax-donation-ideas-to-help-your-wallet-and-those-less-fortunate/comment-page-1/#comment-2121 PennySeeds.com Mon, 29 Dec 2008 23:47:52 +0000 http://thepassivedad.com/?p=674#comment-2121 Good tips, but how exactly would you go about donating miles to a charity? They aren't a tangible thing you can just pick up, and take to Goodwill so how do you transfer them? Good tips, but how exactly would you go about donating miles to a charity? They aren’t a tangible thing you can just pick up, and take to Goodwill so how do you transfer them?

]]> By: hank http://thepassivedad.com/2008/12/2008-tax-donation-ideas-to-help-your-wallet-and-those-less-fortunate/comment-page-1/#comment-2118 hank Mon, 29 Dec 2008 17:17:58 +0000 http://thepassivedad.com/?p=674#comment-2118 We actually clean up (and out) our kids toys right before the holiday. We get an influx at Xmas time each year and we find that they last about 4 or 5 months tops before they're "old hat". So we got on that this weekend. Additionally we go through the clothes closet and if it hasn't been worn in 1 year, it's in the bucket. ;) We actually clean up (and out) our kids toys right before the holiday. We get an influx at Xmas time each year and we find that they last about 4 or 5 months tops before they’re “old hat”. So we got on that this weekend.

Additionally we go through the clothes closet and if it hasn’t been worn in 1 year, it’s in the bucket. ;)

]]> By: Greener Pastures http://thepassivedad.com/2008/12/2008-tax-donation-ideas-to-help-your-wallet-and-those-less-fortunate/comment-page-1/#comment-2114 Greener Pastures Mon, 29 Dec 2008 12:41:03 +0000 http://thepassivedad.com/?p=674#comment-2114 We decided to keep the annual Christmas donation local this year, and went to the local food pantry. If your company provides matching gifts, it's a great plus. Rather than buy gifts for each other around the holidays, my spouse's siblings will often make various donations. A question for you: we give a little money each month to a less fortunate sibling. Is this money tax deductible? We decided to keep the annual Christmas donation local this year, and went to the local food pantry. If your company provides matching gifts, it’s a great plus.

Rather than buy gifts for each other around the holidays, my spouse’s siblings will often make various donations.

A question for you: we give a little money each month to a less fortunate sibling. Is this money tax deductible?

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