How do i apply church contribution to 2008 tax return?

Question by hnm: How do i apply church contribution to 2008 tax return?
How do i apply church contribution to 2008 tax return. i am using the taxcut software. i live in texas.
So far it appears i will apply the standard deduction. will reporting my contribuition make any difference on my 2008 taxable income?
i think my charitable contributions will amount to a max of $ 1500. does this have any benefit to report considering i am using the standard deduction?will this reduce my liability?

Best answer:

Answer by rtfm
If you itemize deductions, your charitable contributions go on line 16 or 17 of the Schedule A.

Remember that unless all your deductions added together add up to more than the standard deduction that the IRS allows, it doesn’t make financial sense for you to itemize.

EDIT: You need to make a choice — either take the standard deduction, *OR* itemize your deductions. If you’re using the standard deduction, you don’t get to add your charitable contributions on top of that amount.

If the charitable contributions of $ 1500 are the only deductions you have, then it makes a lot more sense for you to take the standard deduction.

What do you think? Answer below!

How much is $100 donation to salvation army worth in the tax return?

Question by proyo y: How much is 0 donation to salvation army worth in the tax return?
I will be donating some items to salvation army soon. I itemize and I am not sure that if I donate $ 100 to the salvation army in worth of good, how much do I get back, how does it work? Do I actually get back the whole $ 100 or is it $ 100 times my tax bracket?

Best answer:

Answer by Chris
$ 100 times your tax bracket. It is a deduction which comes off of your taxable income. This reduces the number you are calculating tax due on. A tax credit comes off of your tax payment which is a reduction of the amount of tax you have to pay. Unfortunately this will only net you at best a 1/3 or so.

Know better? Leave your own answer in the comments!

JEWS! What do you think of the fundie Christian teaching that Jesus will return and kill all of you?

Question by .: JEWS! What do you think of the fundie Christian teaching that Jesus will return and kill all of you?
The only real reason they support Israel and the Jews is because of their messed up end-times prophecies that ultimately teach all Jews who do not convert to Christianity will be killed.

So, really, what do you think of fundie Christians supporting another Holocaust?

Best answer:

Answer by Flingershock (Suspended)
Hey thanks for the 2 point!

What do you think? Answer below!

Dior, Lanvin feel optimistic as rich buyers return

Dior, Lanvin feel optimistic as rich buyers return
Optimism is in the air at fashion houses Christian Dior and Lanvin, both on the catwalk and in the shops.
Read more on Reuters via Yahoo! News

Life on the Ocean Wave
A joyous show from Christian Dior celebrated summer, sailors and seduction – although not necessarily in that order.
Read more on New York Times

Business casual needn’t apply: Paris is outrageous
Wallflowers and those in the market for business casual, look elsewhere. Boldness was in the air at Paris’ spring-summer 2011 ready-to-wear shows on Thursday, as designers here delivered over-the-top looks for those whose entrances are always grand and for the happy few who live in the glow of paparazzi’s flashbulbs.
Read more on AP via Yahoo! News