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Dec 25, 2017
5:25
:42
am
rggee
All-American
it's not really a repeat thing if you're itemized deductions are under $25K,
though, right?
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rggee
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RGGeemer
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rggee
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Aug 18, 2010
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Aug 29, 2021
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Messages
Author
Time
Public Service Announcement: Should you double tithing? Second Attempt
Acorn
12/25/17 5:11am
it's not really a repeat thing if you're itemized deductions are under $25K,
rggee
12/25/17 5:25am
It is if doubling down gets you over $24K
Acorn
12/25/17 5:29am
I'd probably have to triple it....
rggee
12/25/17 5:31am
In your future, your income will rise
Acorn
12/25/17 5:33am
If you itemize more than $24K does this help?
8-track
12/25/17 6:20am
It can,especially if it causes your itemized deductions to dip below 24k in 2018
BYUCPA
12/25/17 6:44am
If you have $10k in SALT deductions and $14k in mortgage deductions next year
Submariner
12/25/17 6:59am
Actually at 10 and 14, there is no benefit. For every 1K under $24K
Acorn
12/25/17 7:18am
I think everyone's marginal tax bracket drops a few percent next year, so there
Submariner
12/25/17 7:34am
AMT changes things a lot. I'm at 28% this year, higher next year but I'll deduct
jvquarterback
12/25/17 2:19pm
Does the double tithing payment need to be recorded at Church HQ
Uncle Bluto
12/25/17 8:26am
No grace period on donations
supertux
12/25/17 8:30am
Yep, this is something to get the word out on. For those in the right situation - you could be saving 25% or 28%, etc
Zenoch
12/25/17 9:34am
Is there a possible downside to prepaying?
HoustonCougar
12/25/17 2:05pm
Two come to mind
Acorn
12/25/17 2:10pm
Another: Any donation to the Church is irrevocable. If someone got laid off, health issue, etc and doesn't have the
Zenoch
12/25/17 2:20pm
That happened to me. Never considered it a downside.
Acorn
12/26/17 5:35am
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