Does that include donor directed funds?.

Feb 21, 2018
10:04:38pm

Cougar99 Redshirt Freshman

My understanding is you can donate all one year and get tax credit but does not direct it to go to the church until the following year.

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Cougar99

Bio page: Cougar99
Joined: Nov 22, 2008
Last login: May 2, 2024
Total posts: 852 (1 FO)

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Messages

Author

Time

Reporting back on paying 2017 double tithing (17+18). Holy Schmoly!!

Acorn

2/21/18 5:53pm

Nice, love hearing that.

Jeremy

2/21/18 6:03pm

We are getting a huge tax return this year as well Due to multiple factors.

cougaman

2/21/18 6:07pm

I tried to convince my wife but she is against it for religious reasons, even if

rcbyufan

2/21/18 6:08pm

Show her the donation in kind page on LDS.org.

Bert609

2/21/18 6:12pm

Yeah. I understand having an issue with delaying. I probably wouldn't feel great

rcbyufan

2/21/18 6:20pm

Here are quotes straight from the church:

Acorn

2/21/18 6:27pm

Yeah I've thought about that or paying in stock but just preparing cash just

rcbyufan

2/21/18 6:29pm

If you can save 10% of your income in an emergency fund

Acorn

2/21/18 6:22pm

Agreed. I need to run the numbers, I don't think my income level would warrant going through the effort

Bert609

2/21/18 9:39pm

What religion is she?

supertux

2/21/18 6:12pm

Shi'ite Mormon

rcbyufan

2/21/18 6:19pm

The proof is in the pudding. You save taxes. Paying the Lord

Acorn

2/21/18 6:15pm

To be fair, I only brought it up in passing and I wasn't in a great position

rcbyufan

2/21/18 6:27pm

That’s the spirit

DrKennethNoisewater

2/21/18 6:17pm

Church allows it and makes arrangements for it for wealthy people through donor advised funds. Tell her

CDV

2/21/18 6:18pm

Does that include donor directed funds?.

Cougar99

2/21/18 10:04pm

interesting. This would also work REALLY well with paying in stock.

Cougarclaw

2/21/18 6:27pm

I only pay with appreciated equities. But cash works just fine too.

Acorn

2/21/18 6:36pm

So what's your effective rate going to end up being with this tactic?

joelvandyne

2/21/18 6:54pm

Lower

Acorn

2/21/18 7:12pm

I saved a decent amount doubling up. worked pretty well.

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