Responding to the Loss of the Charitable Deduction

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Comments (9)
  1. Jennifer says:

    I do not file a 1040 but a 1040A because I do not have enough in total deductions. This does not allow me to deduct my charitable giving. So I guess, no, that this would not change my giving.

  2. Bart says:

    Forbes: Also read by some regular folks, who aren’t part of the nations wealthiest people and their financial advisors.

    1. Mark Hofman says:

      I appreciate that reminder, Bart. It’s an insightful publication useful for many people.
      ~ Mark

  3. Melody says:

    Permission to reprint in the church newsletter, please?

    1. LCMS Church Information Center says:

      Thank you for your comment. You have permission to reprint this in your church’s newsletter when giving proper credit to the source.

  4. Jennifer Knutson says:

    When we first purchased our home, that deduction for charitable giving was a pleasant surprise at tax time. But considering why we give – and when we give – I can’t imagine that making much of a difference in our giving habits. We give to support our congregation, to support ministries that are important and don’t have a broad appeal. Hopefully, we aren’t out-of-the-ordinary. In our congregation, we do struggle with income – but I don’t think our household ‘out-gives’ other members. (Luckily, we don’t know – and I’m very glad.) I would think this would have more impact on giving outside of the Church.

  5. S Soerens says:

    I don’t know when the charitable deduction was added to the tax code, and its history is tied up with statutes on tax-exempt organizations that existed long before the beginning of the income tax in 1913. Nor do I know how other nations around the world handle charitable donations in their tax code, even though they have charitable organizations. It does demonstrate, however, that the concept of charity as an income tax advantage is useful, but not necessary.

  6. Lynn Retzlaff says:

    I made sure to make this important point known to my Congressman and Senator. It is be easy, convenient and simple to always make a charitable deduction on our taxes as well as keeping the deduction for all tax payers.

  7. Kim Krull says:

    Excellent reminder and well said!