Interestingly, there is a story highlighting the fact that all your $$$’s (or £££’s as I am in UK now), are NOT tax deductible – which came as a bit of a surprise to me. For example, the American Red Cross has received close to $152 million in donations for tsunami survivors. If you gave to them, your contribution is tax deductible. But if you donated to the International Red Cross it’s not. That’s because most international groups are not authorized by the IRS to accept tax deductible donations. To simplify things the IRS says go to the websites of US AID and the USA Freedom Corps. All the charities listed on those websites are qualified to give you a tax break. You can also check the IRS website. On the home page click on charities, then click on the “New Search Features” and enter the charities name. If it comes back with a listing you know you’re okay with the IRS. Also keep in mind that if you have donated to an eligible charity for tsunami victims this month you can still take the deduction on last years taxes.
This blog is my personal blog and while it does reflect my experiences in my professional life, this is just my thoughts. Most of the entries are technical though sometimes they can vary from the wacky to even political – however that is quite rare. Quite often, I have been asked what’s up with the “gibberish” and the funny title of the blog? Some people even going the extra step to say that, this is a virus that infected their system (ahem) well. [:D] It actually is quite simple, and if you have still not figured out then check out this link – whats in a name? View all posts by Amit Bahree