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TAX CREDIT FYI
Did you know that most Americans leave thousands of dollars on the table every year because of misunderstanding the difference between a tax credit and a tax deduction. Imagine, having the ability or the power to decide where your TAX dollars go. Through donate at closing, we give you that power. Tax Credits are not Tax Deductions and the differences are vast. The IRS ( Internal Revenue Service) system allows you to legally divert your estimated tax liability to community based programs through our Non For Profit 501 C 3 Public Charity. The Tax Credit letter that you receive from our organization is a CREDIT towards your year end Tax Liability not, a deduction from your income. A Tax Credit matches dollar for dollar what you give and is a full credit towards your future Tax Liability.
The power is your hands, now what are you going to do with it?
Wilkipedia: Tax Credit Definition
That's why the wealthy liquidate so much capitol or create foundations because the funds could be better used to help others instead of paying for more $200 hammers, case in point, Bill Gates and Oprah. You do not have to be a Billionaire to participate. As long as the proceeds go to a certified IRS 501 C 3 Public Charity, these CREDITS are good for up to 50% of anyones gross income. In other words, the Federal taxes assessed against 50% of your income can be eliminated and rerouted to a worthy charitable cause.
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Make sure that you know the generous advantages available to you and others regarding Tax Credits from contributions to certified 501 C 3 charitable organizations. Don't leave thousands of dollars on the table every year, children in communities need the support for a better tomorrow today.
Contact a certified CPA to find your tax credit advantages.
