Comments on: Clumping Donations http://harvestingdollars.com/2009/07/20/clumping-donations/ Plant Knowledge. Reap Financial Gain. Fri, 26 Feb 2010 18:51:54 +0000 http://wordpress.org/?v=2.9 hourly 1 By: BillyOceansEleven http://harvestingdollars.com/2009/07/20/clumping-donations/comment-page-1/#comment-5951 BillyOceansEleven Mon, 20 Jul 2009 15:49:04 +0000 http://harvestingdollars.com/?p=565#comment-5951 This is something I've posted about before on my blog and we have done this now for several years. We will have piles of stuff for Goodwill that just sits in a corner for months until the calendar changes over and the donation is worth something tax-wise again. Remember that you can do this with property taxes and any other controllable deductible expense as well. With regards to your question about this tactic and the law of the tithe, I guess this will depend on your personal beliefs and any guidance available from your church leaders. Our family is LDS and we discuss this with our bishop every year just to make sure we don't get any odd looks when we tell him we are full-tithe payers in our "off" years. We simply pay out of our savings what we expect to tithe in the coming year sometime in late December, and we have never had any of our leaders say anything negative and have had two tell us they do the same. You just have to make sure to go back at the end of the year to reconcile and make sure you did pay what you should have. This is something I’ve posted about before on my blog and we have done this now for several years. We will have piles of stuff for Goodwill that just sits in a corner for months until the calendar changes over and the donation is worth something tax-wise again. Remember that you can do this with property taxes and any other controllable deductible expense as well.

With regards to your question about this tactic and the law of the tithe, I guess this will depend on your personal beliefs and any guidance available from your church leaders. Our family is LDS and we discuss this with our bishop every year just to make sure we don’t get any odd looks when we tell him we are full-tithe payers in our “off” years. We simply pay out of our savings what we expect to tithe in the coming year sometime in late December, and we have never had any of our leaders say anything negative and have had two tell us they do the same. You just have to make sure to go back at the end of the year to reconcile and make sure you did pay what you should have.

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