Skip to comments.
Bush Implements New IRS Rules on Cash Donations to Charities
Turbo Tax ^
| 9-6-06
| Turbo Tax
Posted on 11/30/2006 7:33:03 AM PST by jonesboheim
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80 ... 181-195 next last
Looks like one of the last things Congress did before the election was sneak a provision into the Pension Protection Act making it harder for Americans to claim deductions for charitable contributions.
Now we have to ask the bell-ringing Santa outside the mall for a receipt when we drop in a 20.
To: jonesboheim
Just another tax increase, really. Thank you Bush for another CONSERVATIVE action....I hear it rumored he is NEGOTIATION WITH THE DEMS to raise SS taxation by removing the maximum payment ceiling....if that is true, what little tiny legacy he has left, will go in the round-file.
2
posted on
11/30/2006 7:36:29 AM PST
by
EagleUSA
To: jonesboheim
Can we get the ACLU to represent Republicans as having their 14th Amendment (Equal Protection Clause) rights violated? Since Liberals don't contribute to charities (other than Unions and the DNC donations), it's OBVIOUSLY only affecting Republicans unfairly, right?
To: jonesboheim
Well, I guess I won't be inclined to give any major $$$$$ to some of the bigger charities like the Salvation Army if I have to go to the trouble of getting receipts for my donations. It's just more trouble than it's worth IMHO!
To: jonesboheim
"
Looks like one of the last things Congress did before the election was sneak a provision into the Pension Protection Act making it harder for Americans to claim deductions for charitable contributions."
No they did not.
You're trolling.
It clearly says...
"For 2006, if the donation is $250 or more, you need to have a receipt from the charity). Starting in 2007, you must have a cancelled check, credit card statement, or a written receipt from the charity in order to deduct any donation."
It actually added two new forms of documentation you CAN [not MUST] use. Instead of just a receipt from the Church...now you can use a cancelled check or credit card statement.
Go away DUmmy.
5
posted on
11/30/2006 7:40:49 AM PST
by
VaBthang4
("He Who Watches Over Israel Will Neither Slumber Nor Sleep")
To: EagleUSA
what little tiny legacy he has left
Are you trying to insinuate he actually has anything left to squander?
6
posted on
11/30/2006 7:42:28 AM PST
by
snowrip
(Liberal? YOU HAVE NO RATIONAL ARGUMENT. Actually, you lack even a legitimate excuse.)
To: Virginia Ridgerunner
Not only that but if you are in the habit of donating items to a charity like Goodwill, and you estimate their value, do you think Goodwill is going to want to write up a receipt for you? Who will determine the value, you or Goodwill?
To: jonesboheim
Do you drop some cash into the church basket every week? I don't know about other churches / religions, but mine provides little envelopes that you can use; members are pre-printed, visitors can fill in the blanks on the ones found in the pews. At the end of the year they send me a listing of all my tithes and offerings for the year.
8
posted on
11/30/2006 7:42:57 AM PST
by
girlscout
To: jonesboheim
And when (not if) in 2008 the Dems and the MSM bemoans the fact that 2007 charitable contributions were down 50%, will they be smart enough to connect the dots?
Hell no.
9
posted on
11/30/2006 7:43:25 AM PST
by
grobdriver
(Let the embeds check the bodies!)
To: jonesboheim
This seems like a real stupid thing to do. It's bound to cut down on giving to charities.
10
posted on
11/30/2006 7:43:58 AM PST
by
babygene
To: VaBthang4
Wow, was that a bi+ch-slap or what???
11
posted on
11/30/2006 7:44:20 AM PST
by
Niteranger68
(Big winners of election 2006: Democrats, terrorists, MSM, Hollywood, anti-war protestors, etc.)
To: jonesboheim
Or, you could write a check to The Salvation Army.
I'm glad I saw this, because I haven't been saving receipts for contributions under $250. I'll make sure I do, starting January 1.
12
posted on
11/30/2006 7:44:26 AM PST
by
Tax-chick
("That would be the camel's nose under the mouse.")
To: Pan_Yans Wife
Not only that but if you are in the habit of donating items to a charity like Goodwill, and you estimate their value, do you think Goodwill is going to want to write up a receipt for you? Who will determine the value, you or Goodwill?
I always get a blank receipt from them with the date written in. I write in the value of whatever I donated and add a zero. ha!
13
posted on
11/30/2006 7:44:31 AM PST
by
July 4th
(A vacant lot cancelled out my vote for Bush.)
To: VaBthang4
OK, I'm confused. Can I deduct cash I throw into a collection plate or salvation army bucket without a receipt or not. Is the $250 limit a total or a per donation requirement?
14
posted on
11/30/2006 7:44:56 AM PST
by
rhombus
To: traditional1
It is.
Conservatives give over two-thirds of all recorded charitable contributions.
15
posted on
11/30/2006 7:45:09 AM PST
by
snowrip
(Liberal? YOU HAVE NO RATIONAL ARGUMENT. Actually, you lack even a legitimate excuse.)
To: Virginia Ridgerunner
Well, I guess I won't be inclined to give any major $$$$$ to some of the bigger charities like the Salvation Army if I have to go to the trouble of getting receipts for my donations. It's just more trouble than it's worth IMHO! Writing a check is more trouble? Man you must lead a pretty sheltered life!
16
posted on
11/30/2006 7:45:19 AM PST
by
Bommer
(If people evolved from apes, why are there still apes?)
To: jonesboheim
I have never given cash to charities or to church; I have always written checks in order to have proof of charitable donations.
To: July 4th
I always get a blank receipt from them with the date written in. I write in the value of whatever I donated and add a zero. ha!Didn't Bill Clinton do something like that with his donated underwear? :-)
18
posted on
11/30/2006 7:45:56 AM PST
by
rhombus
To: Pan_Yans Wife
Goodwill always asks me if I WANT a receipt.
They just don't put a dollar amout on it.
19
posted on
11/30/2006 7:45:59 AM PST
by
digger48
To: July 4th
It's probably a good idea to add a zero. Most of the items on their shelves are not worth the price. Many of the things I would pitch rather than display for sale, if I were running the show.
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80 ... 181-195 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson