4 ms·
When I tithe to my church, I've already been taxed on it. It would be a real bummer for it to be taxed again.
by loco5niner 2y ago
When I tithe to my church, I've already been taxed on it. It would be a real bummer for it to be taxed again.
- AnimalMuppet 2y agoYou're not taxed on it if you deduct your charitable contributions. (Presuming you're in the US, and don't make so much that you're under Alternative Minimum Tax, and maybe a few other assumptions...)
- loco5niner 2y agoYes, but only if I itemize. With the standard deduction being $29,200 for me this year, that's a tall hurdle. And at that, the only benefit is any amount over the standard deduction.