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Charitable Donations-Good for the Soul, Good for the Wallet (Taxes!)

By
Real Estate Broker/Owner with Lavell Realty, LLC 0515179

One of the best ways to show thankfulness during the holidays is by making a donation to your favorite charity or local non-profit organization.  You can make contributions in your own name, or you can "give the gift of sharing" by making a donation in honor of someone else.  If you have children, this is an excellent way to demonstrate the true meaning of the season with your actions and show them what causes are important to you. 

If you do not have a lot of extra cash, donate household goods, clothes, toys, books, CDs or even an old car (many non-profits will take an auto even if it is not in running condition and will even come pick it up).  Another way you can make a contribution is to donate your time.  Many companies now support their employees who donate their money and time by matching employee contributions which makes your contribution worth twice as much.

You can feel good about donating your money, time or possessions to share with those less fortunate than yourself this holiday season and it may just benefit you at tax time as well (check with the charity of your choice and your tax advisor to be sure).

Wishing everyone a Happy Holiday Season.

Anonymous
Anonymous

SeedAmerica is a National Real Estate Endowment Fund (501(c)3), focused on acquiring and managing commercial real estate long term. The 561 Exchange is an industry coined term to illustrate use of IRS Publication 561 as a platform for our property transfers.

For more information, visit www.seedamerica.com

May 06, 2008 01:48 AM
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