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Income taxes - Portrait of a Young Man as The Artist — LiveJournal
Income taxes

Income taxes
Originally uploaded by ABMann
I just realized that, were I to buy a house, I would be able to deduct
my various charitable contributions every year!

More incentive.
(yes, I know PMI isn't deductable but the heading relates vaguely to
my epiphany)
3 comments or Leave a comment
suibhne_geilt From: suibhne_geilt Date: April 12th, 2008 07:52 pm (UTC) (Link)
Your mortgage interest is also deductible - and considering how much of that you're paying over the first years of your mortgage, that's a nice chunk of change. Interest on home equity loans, if you use the loan for home improvements is also deductible. If you're having a home built, you probably won't be doing much of that early on, but if you happen to own an old house like mine...
abmann From: abmann Date: April 12th, 2008 10:23 pm (UTC) (Link)
That's what I mean, really. It would be worth it to deduct my charity rather than take the standard as I currently do.
(Deleted comment)
abmann From: abmann Date: April 13th, 2008 10:46 pm (UTC) (Link)
Holy fuckballs. That's just incredible.

Thank you so much for that information!
3 comments or Leave a comment