If you have already made a donation to a charity, you already got the tax

Dec 23, 2024
3:36:26pm

Plato All-American

deduction, right? So you aren't getting the deduction the contribution to the church.

I don't know the answer to your question, but why do you care how the church records it?

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Plato

Bio page: Plato
Joined: Mar 21, 2017
Last login: Dec 23, 2024
Total posts: 21,472 (519 FO)

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Messages

Author

Time

Donor advised funds as a means of paying tithing. Does the church recognize it?

ledfoot

3:33pm

If you have already made a donation to a charity, you already got the tax

Plato

3:36pm

Does it matter who gets credit? The Church gets the money, you get the

Nikomedes

3:37pm

Are you able to fund a DAF with a credit card? How do you do that?

elmerfudd

4:02pm

Yes. I've done it several times.

Zenoch

5:01pm

The tax deduction would come from when he placed money in the DAF

JamieTartt

3:40pm

The church has its own donor advised fund. But you can use others

cougarfann888

3:43pm

Through fidelity, you put a memo and mark your name, membership number and

Bin01015

3:45pm

Oh, interesting. I'll have to try this. Nothing shows when I use DAF

txblue

4:04pm

Thanks all

ledfoot

3:49pm

It works really well but it doesn’t show up on the ward level. I typically

RevolutionDeathsquad

3:51pm

Yup. I do it every year

TADOW

4:12pm

Why are you donating to the DAF if only to donate to church later?

Plato

4:18pm

Likely to bunch contributions - take std deduction yr 1, larger deduction yr 2

tiloman

4:47pm

Exactamundo

Frank Drebin

4:56pm

Hmm. So for mid/low income ppl to save a few bucks on already low tax rates

Plato

4:58pm

It's easier to time donations. I donate company stock which requires pre-approval and can only be done

txblue

4:48pm

What do you do with it other than pay tithing?

Plato

4:59pm

I do it bc it’s easier to donate appreciated stock this way. I just slide stocks

RevolutionDeathsquad

5:32pm

Yup! We use a DAF to pay tithing

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