4 ms·
Other than "feeling good" you can't derive personal benefit from a deductible donation.
by ams6110 9y ago
Other than "feeling good" you can't derive personal benefit from a deductible donation.
- danans 9y agoThat's not true. If the donation helps enable a societal outcome that you benefit from (i.e. a donation to a local environmental cleanup nonprofit organization results in a cleaner park for you to enjoy), then you can benefit. You can't derive an exclusive personal benefit from it, of course. If you did, it would be tax fraud.
- thomas_howland 9y agoDepending on how underwithheld you are, you can avoid tax underpayment penalties.