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Thread: Tax question

  1. #1
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    Tax question

    If I pay my taxes, but include an extra $100 for debt reduction, can I deduct it next year as a charitable donation?

  2. #2
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    [QUOTE=quantum;4152842]If I pay my taxes, but include an extra $100 for debt reduction, can I deduct it next year as a charitable donation?[/QUOTE]

    i believe u can pay more this year and put it towards next year.

    ask the CPA

  3. #3
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    [QUOTE=quantum;4152842]If I pay my taxes, but include an extra $100 for debt reduction, can I deduct it next year as a charitable donation?[/QUOTE]

    NO...... There is a bill that addresses this but it will go no where so NO.

    BTW....sort of defeats the purpose. contribution to reduce the debt but deduct it to reduce your tax????? Sounds like real government thinking.;)

  4. #4
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    [QUOTE=southparkcpa;4152921]NO...... There is a bill that addresses this but it will go no where so NO.

    BTW....sort of defeats the purpose. contribution to reduce the debt but deduct it to reduce your tax????? Sounds like real government thinking.;)[/QUOTE]

    why thank y....hey! :mad:

    I was thinking Warren Buffet should STFU and make some donations. :yes:

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