Posts Tagged ‘charity’
What kind of tax deductions do the super wealthy get that we don't get?
Posted by admin in US Tax Questions on November 18th, 2010
Most of the super wealthy don’t have the mortgage interest deduction.
They know better than to pay that much interest on a home.
They give to charity – but still they may only get 35% back from the donation as a tax benefit.
Can you think of any other deductions that the super wealthy get?
Can I receive tax deductions for contributing to a charity if I am claimed as a dependent?
Posted by admin in US Tax Questions on July 22nd, 2010
My parents are claiming me as a dependent on their taxes. I made a monthly tax deductible cash contribution to a charity. I was wondering if I could itemize the deductions, or if my parents could since they claim me.