4 ms·
Make a Donation to Help Reduce the US Public Debt. Wait, What?
- guan 15y agoYou can also make a general donation to the US government, that is not necessarily used to reduce the debt: http://www.fms.treas.gov/faq/moretopics_gifts.html http://www.fms.treas.gov/faq/moretopics_gifts.html
- meric 15y agoThey should make it tax-deductible. ;)
- veyron 15y agoIt is deductible for the next year's returns
- meric 15y agoWhat about the clause "These donations are voluntary, and no goods, services, or other considerations are provided to the donors."?
- veyron 15y agogo to page 88 (the one with - 88 - at the bottom) of the 1040 instructions at http://www.irs.gov/pub/irs-pdf/i1040gi.pdf http://www.irs.gov/pub/irs-pdf/i1040gi.pdf There is a section "How Do You Make a Gift To Reduce Debt Held By the Public" and it clearly states "You may be able to deduct this gift on your 2012 tax return". You can't take a deduction for the 2011 tax year on a gift in 2011, but iirc its treated like any other donation
- smcguinness 15y agoI just bookmarked this. They need to have something like this added to tax forms. I'd much rather 'donate' my money to the debt than the Presidential election fund or whatever other things they ask if I'd like to contribute to.
- nyet 15y agoare you fucking kidding me? if the system is leaking memory and the solution is to add memory?