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  #1  
Old 02-04-2012, 01:05 AM
scott craft scott craft is offline
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If I'm not mistaken there is a cap on charitable contributions that u can write off
Yes there is, not sure what it is off-hand. It definitely helps on the taxes though.
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Old 02-04-2012, 10:29 AM
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If I'm not mistaken there is a cap on charitable contributions that u can write off
Didn't Mitt Romney write off over $1,000,000 he gave to the Mormon Church?
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Old 02-04-2012, 10:52 AM
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Didn't Mitt Romney write off over $1,000,000 he gave to the Mormon Church?
Idk I was wondering the same thing , I just remember I was gonna get hammered last year in taxes and I asked my account n he said there was a cap
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Old 02-04-2012, 01:29 AM
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I filed on 16th, got fed last Friday and state this Friday

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Old 02-04-2012, 10:53 AM
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Ask chicken that's what he does for a living
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Old 02-04-2012, 02:51 PM
Gerald Gerald is offline
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Retire and don't make a lot of money........

Then you don't have to give any to Obama or support the under-employed.
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Old 02-04-2012, 04:32 PM
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Retire and don't make a lot of money........

Then you don't have to give any to Obama or support the under-employed.
Or have less taxable income in retirement
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Old 02-04-2012, 02:52 PM
scott craft scott craft is offline
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It's different for cash versus donating clothes and such to a charity. I know there is a limit on donated goods you can claim, but I don't know if money has a limit.

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Old 02-04-2012, 07:21 PM
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Hell I havnt got all my 1099 yet....
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Old 02-04-2012, 07:38 PM
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Hell I havnt got all my 1099 yet....
I wish I didn't get any yet. Regardless I always report the earnings even if I don't receive a 1099 for the job
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Old 02-04-2012, 07:48 PM
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I'll be reporting more than what I've received so far. I don't want "them" after me ever again! Once was plenty!!!
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Old 02-04-2012, 07:55 PM
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I'll be reporting more than what I've received so far. I don't want "them" after me ever again! Once was plenty!!!
I wouldn't do give em more than I need to
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Old 02-04-2012, 08:57 PM
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I wouldn't do give em more than I need to
If it hits the bank, I'll claim it...
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Old 02-04-2012, 09:15 PM
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If it hits the bank, I'll claim it...
A nice % of mine never hit the bank...for that reason.
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Old 02-04-2012, 09:32 PM
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A nice % of mine never hit the bank...for that reason.
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Old 02-05-2012, 06:58 AM
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A nice % of mine never hit the bank...for that reason.
I have NO idea of what you are talkin about...
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Old 02-05-2012, 04:44 PM
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The limit is generally 50% of your AGI (adjusted gross income on your tax return) except for certain rare exceptions in which a 30% or 20% limit may apply. Excess contributions maybe carried forward to future tax years.
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Old 02-05-2012, 05:37 PM
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The limit is generally 50% of your AGI (adjusted gross income on your tax return) except for certain rare exceptions in which a 30% or 20% limit may apply. Excess contributions maybe carried forward to future tax years.
Chicken what is the % you have to pay on Capital Gains
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Old 02-05-2012, 07:45 PM
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Chicken what is the % you have to pay on Capital Gains
Max is 15% for most people.
But depending on ur income it could b higher like 25-28%
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Old 02-05-2012, 05:37 PM
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i still got a two months don't wont to talk about it till then i get depressed
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