By: Financial Samurai
Welcome back Tom! I missed you man. Maybe you can help out and answer some of my taxes, as I haven’t finished mine yet! :) I love doing my own taxes, because it is so eye-opening. Why don’t you think...
View ArticleBy: Financial Samurai
That’s awesome the 40 year old kids are living at home with their 60+ year old parents and that the parents were helping them file their taxes! A slice of society indeed. Tom, what do you think is the...
View ArticleBy: Tom Dziubek
Good to be (almost) back! Personally, I get a little wary when people go over 5,000 in charity, unless they’re making over $200,000 (which, at 2.5%, is right in your recommended range). I look at it...
View ArticleBy: Financial Samurai
Tom, everything ia relative though right? $5,000 might sound like a lot, but if you make $500,000 a year, that’s just 1%. Tell me this then, do you think the absolute dollar amount is more under...
View ArticleBy: Tom Dziubek
I can’t really speak with experience here since this is year one for me doing this. However, with what I’ve been told, it’s definitely percentage-based.
View ArticleBy: Financial Samurai
Gotcha. Have you seen any returns which had ridiculously high percentage of donations to gross income i.e. 25%+?
View ArticleBy: Cejay
Tom, thank you for verring away from the religious aspect. If you looked at me and my husband’s tax return you would see about a 10 or 13% charituable contribution. We donate 10% to our church and...
View ArticleBy: wylerassociate
good to have you back on the podcast, tom. does anyone if the energy credit will be going away or if it will be around for the next few years?
View ArticleBy: Tom Dziubek
It’s still alive for 2011 but I’m skeptical on the future of many credits in general. With all the talk of belt-tightening on the federal level, one easy way to make money is to simply stop giving it...
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