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Sorry to bother you, but I'm curious if there are any CPAs around FR. I came across an interesting tidbit in a news article about coupons and couponing.

The woman featured in the story uses coupons to buy food items to stuff in weekend backpacks for needy children -- and the woman who taught her various methods of doing this, claims that at the end of the year, one can count as CHARITABLE CONTRIBUTIONS the retail price of the food purchased -- as opposed to the actual amount of money she paid for the food she donated to charity.

Does this sound inaccurate to anyone else?

How much would she have to contribute this year to make it worth her white to itemize charitable contributions?

Anybody have any comments?

THANKS.

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COUPON CUTTING FOR CHARITY

http://www.localwireless.com/wap/news/text.jsp?carrier=google&sid=120&nid=6473047&cid=155&scid=-1&title=Local%20News&ith=2

EXCERPT

"....Anthony says after taking a class about the ins and outs of coupon cutting, she's now saving enough money to be able to donate some of her "extra" food to charity.

She has since been able to adopt two children through the KidsAid Weekend Backpack Program, which provides backpacks full of food for needy children to take home on weekends, when they otherwise wouldn't get free and reduced meals from school.

And Anthony's couponing teacher, Holly Settle, says you can also write-off your charitable couponing donations at the face value of what the store charges for the item, not what you paid with a coupon, and says by the end of the year, 'I'm able to save thousands of dollars just by donating to organizations.'"