Christmas Charities for Low-Income Families in USA

Monica Stewart is a full-time worker at a daycare center in Birmingham, Ala. She is a single mother and earns a minimum wage. She lives in a small one bedroom apartment with her 9-year-old daughter Katherine and 7-year-old son Samuel. She struggles hard each day to manage her daily expenses within her limited salary. Being a single mother, she has to worry a lot about fulfilling her kids’ basic needs such as food, clothing, healthcare, and educational expenses. She often chooses cheap foods instead of healthy ones to make sure there are three times meals available to her kids.

Nobody knows what the future holds for them. The future can come up with unexpected troubles and mishaps putting you in a critical situation where you can see your life getting shattered. The future can come up with unexpected expenses especially when you have a family. Your parents or spouse or child may contact a complicated disease requiring expensive medical treatment. Patients are forced to postpone their treatments or take massive debts to afford the expensive medical care. Families often get bankrupt or forced to sell their valuable properties to pay for the costly medical bills.

Charles A.Ellwood, Lecturer of the University of Nebraska, has marked the nineteenth century as one of the remarkable eras that have witnessed the rise of humanitarian sentiment than never before. In his 1899 lectures on Society and Charity, Charles mentioned that the nineteenth century was the time when the society began to put enthusiastic effort to help its weaker members in the struggle for their survival. Charles A. Ellwood’s lecture isunique as it was the first formal public presentations in Lincoln.

Taxpayers are now concerned about the Tax Cuts & Jobs Act law which has brought significant changes regarding charitable deductions. The standard deduction scale has gone higher this year which means most itemizers won’t benefit from it. If you are still willing to itemize the lower tax brackets that may lessen your deduction making it less valuable. Again some concealed elements which are often overlooked by the taxpayers in the tax law will increase the value of charitable deductions for a specific group of people.

The tax deduction will reduce the total income for the year which will be subjected to taxes. Taxpayers need to know how income tax is calculated to understand the benefit that deductions usually give to your taxes. People usually expect huge deductions on their charitable donations but in reality, the IRS won’t give you a tax relief of $1 on every dollar that you have donated. Charitable deductions will reduce your tax bill to some extent like a quarter dollar or so for every dollar that you donate. Still, charitable donations offer a tempting bonus and some decent savings.

2018 has marked the start for new tax laws with

Charitable donations are a great way to contribute to the welfare of society and at the same time, get some tax savings at the end of the year. People usually expect huge deductions on their charitable donations but in reality, the IRS won’t give you a tax relief of $1 on every dollar that you have donated.

We donate cash and noncash items to charity because it

Well, life is a thankless struggle. Amidst this struggle there will be shiny and bright days but there are times when the journey takes its merciless toll on you. Rough, grim and hard days are all that you face. You need to learn to cope up with the challenges of life and know how to deal with them. Perhaps there will be a bad day when you would need moral and financial support to proceed with your education. Perhaps there will be a crucial day when you need money badly to fund the treatment or surgery of your loved one. Perhaps you will find yourself in a situation where you need capital to run your startup or enterprise which has a great prospect to change you...

Taxpayers usually rush to make a charitable donation to claim