Tax Rebates & Refunds

Claim tax back: Charity and taxes – a win-win combo

May 29, 2011
Posted in Tax Rebates — Written by Jennifer

Money has never been more important than it is today. But there are a few ways you can save some money.

Have you thought of donating some cash?

You have spent numerous sleepless nights, tossing and turning, to come up with ideas on how to claim tax back and save yourself a few pence. Have you wondered about contributing to charity at the same time? Yes, donating to charity could help answer that question that keeps lingering – how can I get some tax back?

Join hands with charity

Giving back to the community with charitable donations will not only help those in need and provide you with the happiness of helping others but will help yourself also. You can claim tax back on this money, whether you donate to global programs such as UNICEF or even the local charity or rural housing projects. As long as the charity is legal, and you receive a receipt of donation then you can claim the tax back. The more one donates; the more money that one may deduct.

Claiming tax back becomes easy

To claim tax back, the amount you receive back on your tax return is not determined by the charitable donations alone. These deductions shall be added to any and all the deductions that one is entitled to. After adding in the other required information, these different variables combine to give one an even larger amount that will find its place in the category: ‘claim tax back’.

To claim tax back for any working individual is as important a decision as any other, but it’s good to keep in mind that charity and taxes are a win-win situation.

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