wannabee:
Quote:
Collection totals from December 18, 2005
Stewardship Offering $ 32,445.85
Plate $ 2,119.61
Reminder: for tax purposes, your contributions for 2005 must be
received by the office no later than Friday, December 30.
Here I have a comprehension problem. Do I gather that you can give your contributions and the parish gets a contribution of your tax added to them ?
Where I live we have a scheme called Gift Aid - and by signing a form annually your contribution to a Registered Charity , in this case a Church, will result in the Church being able to claim a tax refund on all your contributions . This is obviously to their benefit.
I’m going to help you with your comprehension problem.
The individual parish has monetary needs…social programs, building maintenance, heat, electricity, staff salaries…etc. They may have a building fund or a fund specifically for debt relief if there is a mortgage of some type on the property.
The tax deadline does not refer to a benefit to the parish…it refers to the fact that donations to the Church are tax-deductible to the person who donates. The parish will provide a financial statement a couple times per year to each person who contributed.
For example, if I gave $500 to the parish, when I go in to get my taxes done this year, I add that amount to any other charitable donations, and this decreases my taxable income by a particular percentage.
IN shorthand, you get to claim your donations to the Church…that is, if you are a homeowner.
I learned the hard way long ago that until I bought a house, I could give away everything I owned to charity and still not have enough to be able to “claim” it on my taxes. As a homeowner, though, itimization is possible and charitible donations can add up to decrease taxable income.
THAT is what the bulletin was referencing, not double dipping as you apparently took it to mean.