I am thinking about working for a non profit organization, however, the pay is very low (about 20 grand less then I should recieve)
I'm trying to balance the pros and cons: and was wondering if there was any tax laws I might be able to benifit from for working for a non profit?
Thanks!
2007-03-07 07:41:21 · 4 answers · asked by Tavern M 1 in Business & Finance ➔ Taxes ➔ United States
None. You pay your taxes like you would if you were working for a for-profit organization
In the eyes of the IRS, income from a non profit is the same as any income.
2007-03-07 07:48:27 · answer #1 · answered by imisidro 7 · 0⤊ 0⤋
No, as an employee of a non-profit, you pay the same taxes on your earnings as if you were working for a for-profit company for the same amount of money.
2007-03-07 07:47:48 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Dont worry about this. wokr and get the experience. then automatically you can catch a profit ogernization.
2007-03-07 15:11:11 · answer #3 · answered by thushara sirilath s 1 · 0⤊ 0⤋
no, there are no benefits
2007-03-07 07:47:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋