You wouldn't get a tax refund/credit for that though. But I understand the sentiment.
I've NEVER seen one of these tiered supporter charts present tax-deduction as one of their primary offers
In some countries you can get a tax refund if you donate to a specific person - if this person meets particular requirements. And in Poland you can donate 1.5% of taxes paid to an organization that is registered as NGO. Some polish skaters or clubs funraise this way. I'm always donating to NGOs I personally know (not fs). At least 1.5% of what I paid to the state, and I pay a lot, isn't wasted.You wouldn't get a tax refund/credit for that though. But I understand the sentiment.
This being said, taxes are very expensive in Canada... Not sure Americans need it as much as we do... but then at the same time, everyone wants money
Wow, I want to know what charities you get solicitations from.
The non-profits I have volunteered for, or served on their boards, highlighted tax deductions first and last. Especially those targeted for "high wealth" or corporate donors.
ETA: I see @4everchan said essentially the same thing. Highlighting tax breaks in materials and charts is also common in the US. Keeping as much money as you can from Uncle Sam. Not a sentiment I necessarily agree with, but one that motivates many people.
Yes...I used to do that....but I got superstitious when everyone I gave to tanked right after....so then I joined the USFS FOFS for many years and have good memories of many breakfasts...it will be interesting to see how many pay $750 to buy breakfast tickets to SA or Nats.
Hi Minz! For me, as I stated in the USFS magazine, the draw was giving money to young skaters on top of the early ticket sales, calander, magazine, and of course the breakfast...I didnt care when they raised prices to $125 at all. Now, its as if they dont want us.....
I thought it was very odd.....but I bet you are right....we have become a PITA to them and they only want the hi rollers and corporates to deal with. I know many skaters that would make a point to show up at the breakfasts if they could and rub shoulders with fans. It meant alot to us. I certainly never quibbled about the cost of membership or the breakfasts....A decision has been made at some level to "abandon" the individual and pursue the corporate/group donations (just like no one expects an Individual to fork over a thousand dollars for a table at a charity event).
I doubt if USFS made this decision based on any one skater. Probably some study or belief that this approach was more "cost effective". More bang for the buck chasing big donors.
I think it is a darn shame leaving the individual donors behind like that, and short sighted to boot. We'll see how this works out for them
Dont quote me, but IIRC in the US tax code, unless you give alot, you cant deduct a few hundred bucks and make itemization a working plan. The standard deduction is just too high. At one point, if you took the standard deduction, you could still deduct some charitable costs. "Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available."
In the US, they took away the tax deduction if you take the standard deduction. Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available.
It used to be when I gave to a skater's fund directly in the US, it was a tax deduction for me. No more..... Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available.You wouldn't get a tax refund/credit for that though. But I understand the sentiment.
This being said, taxes are very expensive in Canada... Not sure Americans need it as much as we do... but then at the same time, everyone wants money
I am OK with people using the law to keep money from Uncle Sam. I went to the IRS to come up with a retirement plan and they told me how to do just that. And when I was in the higher brackets, it was fun to kind of make Uncle Sam support skaters....but now, those days are gone. Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available.Wow, I want to know what charities you get solicitations from.
The non-profits I have volunteered for, or served on their boards, highlighted tax deductions first and last. Especially those targeted for "high wealth" or corporate donors.
ETA: I see @4everchan said essentially the same thing. Highlighting tax breaks in materials and charts is also common in the US. Keeping as much money as you can from Uncle Sam. Not a sentiment I necessarily agree with, but one that motivates many people.
Once upon a time there was another organization whose name escapes me..NEASF? Where if your skater was registered, you could dontate and get a deduction.
Of course! Unfortunately, in my case, the IRS told me how to make myself look like a pauper on paper...but I know how others...and they would not even be considered rich, have formed foundations and businesses and charitable trusts to weasle their way through the tax code.My description is very basic of course, and good tax lawyers may find workarounds. It's their job.
