Charitable Donations Pour In To Get 2011 Tax Deductions

By: April Davis/ Kelsie Smith
By: April Davis/ Kelsie Smith

Even in the rain people were dropping off donations at the Goodwill Center and Store in New Bern Tuesday. A spokesperson for the Goodwill says this is their busiest week of the year because people are in the final stretch to get 2011tax deductions.

Some people we spoke with say the tax benefit is helpful, but they give because they know others are in need as well.

Tax experts say it's important to document everything you donate so you can get the proper amount for your donation.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by To Ferg.....What???? on Dec 28, 2011 at 04:36 AM
    In effect, President Obama’s plan means that a donation of $100,000 would save a donor $28,000 in taxes, $7,000 less than he or she would save today. The plan, which would take effect in 2013, would apply to married couples with an adjusted gross income of at least $250,000 ($200,000 for individuals) and would provide roughly $400-billion for the federal government over 10 years. It would not affect the deduction taken by people who earn less. Where are you getting your bogus spin from?
  • by Delmar Location: NC on Dec 27, 2011 at 09:21 PM
    Happy Kwanzaa - On my new $200.00 Air Jordans! You all can see that I am not poor! Whats a tax deduction?
  • by Wolfgang Location: Chocowinity,NC on Dec 27, 2011 at 09:00 PM
    Those Occupy Wall Street protesters have to hate the idea of the rich people giving money to the poor people. I wonder how many rich Demorats called their tax accountants for a Tax Deduction? On the money made this year?
    • reply
      by Barlow on Dec 28, 2011 at 05:27 AM in reply to Wolfgang
      "Wall Street protesters have to hate the idea of the rich people giving money to the poor people". Where do you guys come up with this stuff? What they would like the rich to do is pay their fair share. They continue to get wealthier while our bridges fall into rivers and our roads crumble. At one time in this country the wealthy paid over 90% in taxes, then 70% and now it's in the 30s (if they aren't avoiding them altogether buy using loopholes or hiding their money overseas) and when they are asked to pay another 2% to 3% more, like they did when we were prosperous during the Clinton era, they throw a fit. You wanta be charitable? Help rebuild the country that made you rich.
  • by Ferg Location: NC on Dec 27, 2011 at 08:46 PM
    So, why does Obama want to curtail this? Doing so will certainly reduce funding to charities and reduce their ability to deliver essential services. One logical conclusion is that he does not want non-profits delivering these services. He wants to put them out of business. He wants the government delivering these services, whereby the government can more easily make the rules about how the services are delivered, who gets the services, whom they hire to deliver them, what wages and benefits they pay, whose palms they grease along the way, etc. So, put soup kitchens, churches, and other charitable organizations out of business and strengthen the argument that government is needed to supply the services. Can there be any doubt that this is by design?
  • by Ferg Location: NC on Dec 27, 2011 at 08:43 PM
    Why Does Obama Want to Limit Charitable Deductions?So, on one hand we have these needs in society – the needs of the uninsured, the downtrodden, disaster victims, etc. We also have people willing to volunteer time and effort and willing to donate money to assist those in need. Until since Obama we’ve had a government willing to give a tax break to those willing to donate money. So, those in need are able to get it, while only costing the government the tax on the donations. This is getting help to those in need for a small percentage of the actual cost of delivering the service. Does this not make sense? Does this not encourage us to be compassionate toward our fellow man? Is this not a great way for the government to support delivering essential services to those in need at a minimal cost? Does this not also, effectively, allow the rich to voluntarily tax themselves and redistribute their wealth, so that even Democrat liberals should love it?
    • reply
      by Anonymous on Dec 28, 2011 at 04:40 AM in reply to Ferg
      This thinking is very short-sighted. Over the past 20 years, U.S. revenue & spending policies, which have lowered taxes for the wealthiest Americans while cutting services for the poorest, are the reason most charities are so overburdened today. Most grassroots nonprofits that I come into contact with are more interested in fighting for policies that benefit their constituents vs. supporting Tea Party backed tax cuts for the super rich.
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 136294003 - witn.com/a?a=136294003
Gray Television, Inc.