3 ms·
If the extra cost of the taxes is what's keeping you from donating, perhaps you can send in a reduced amount instead then? Foe example, if you wanted to donate
by jordanlev 11y ago
If the extra cost of the taxes is what's keeping you from donating, perhaps you can send in a reduced amount instead then? Foe example, if you wanted to donate $100 and your overall tax rate is 40% (resulting in an overall reduction of $40 from your taxable income), you could instead donate $60 and save the other $40 for your pending tax bill.
(Just an example... I'm not an accountant and I live in the US so I don't know if things are different in Canada, etc etc)