English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I'm refering to the average amount that families deduct on thier 1040 tax form.

2007-01-26 08:37:42 · 3 answers · asked by A.T. 1 in Business & Finance Taxes United States

3 answers

"Average" is pretty meaningless. You can deduct whatever you actually gave and can prove. You can't use an "average" to figure out what you can get away with.

Bill Gates' family gives hundreds of millions. And I'm sure they can prove every cent.

2007-01-26 08:53:39 · answer #1 · answered by Judy 7 · 1 1

The average that they actually donated. Other than that, reporting anything more then what you actually donated to charity is "filing a false tax return".

"Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct and complete".

Perjury is what Richard Hatch from Survivor failed to adhere to that got him 55 months in jail.

If you feel that your Charitable donations are unusual in amount then attach a schedule to your return listing the organization and the amount per organization.

For any donation over $5,000 I always recommend that you attach a copy of the thank you letter from them to the return.

2007-01-26 08:55:57 · answer #2 · answered by dillon Y 3 · 0 0

Obama's economic plan does make sense as a whole, this "author" took out one thing that he did not like and tried to make it seem so negative. What is McCain's economic plan anyway? I asked this question on this site and out of all these so-called McCain supporters and Obama haters, I did not get ONE answer. That really says a lot when these people are trying to elect a president whose financial plan they don't even know.

2016-03-29 03:54:38 · answer #3 · answered by Anonymous · 0 0

fedest.com, questions and answers