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

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Dec 23, 2024
4:47:33pm

tiloman Contributor

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

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tiloman

Bio page: tiloman
Joined: Mar 7, 2016
Last login: Dec 23, 2024
Total posts: 548 (0 FO)

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Messages

Author

Time

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

ledfoot

Dec 23, 3:33pm

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

Plato

Dec 23, 3:36pm

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

Nikomedes

Dec 23, 3:37pm

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

elmerfudd

Dec 23, 4:02pm

Yes. I've done it several times.

Zenoch

Dec 23, 5:01pm

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

JamieTartt

Dec 23, 3:40pm

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

cougarfann888

Dec 23, 3:43pm

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

Bin01015

Dec 23, 3:45pm

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

txblue

Dec 23, 4:04pm

Thanks all

ledfoot

Dec 23, 3:49pm

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

RevolutionDeathsquad

Dec 23, 3:51pm

Yup. I do it every year

TADOW

Dec 23, 4:12pm

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

Plato

Dec 23, 4:18pm

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

tiloman

Dec 23, 4:47pm

Exactamundo

Dec 23, 4:56pm

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

Plato

Dec 23, 4:58pm

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

txblue

Dec 23, 4:48pm

What do you do with it other than pay tithing?

Plato

Dec 23, 4:59pm

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

RevolutionDeathsquad

Dec 23, 5:32pm

Yup! We use a DAF to pay tithing

justAnotherCoug

Dec 23, 5:52pm

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