• Home
  • About
    • Rave Reviews
  • Services
    • For Individuals
      • Estate Planning Done Right
    • For Small Businesses
    • Tax Problem Resolution
      • "Innocent Spouse" IRS Relief
      • Bankruptcy Options That Work
      • Find Out What The IRS "Has" On You
      • Non-Filed Returns--Done For You
      • Payroll Tax Protection
      • Protection from IRS Asset Seizure
      • Protection From IRS Levies
      • Protection From Wage Garnishments
      • Safeguard Yourself From IRS Liens
      • Settle Your IRS Debt for Pennies on the Dollar
    • Tax Services
      • IRS Representation For You
      • Tax Planning For Big Savings
      • Tax Preparation Done Right
    • Additional Services
  • Tools & Resources
    • Financial Calculator Gallery
    • Refund Tracker
  • Contact Us
  • Blog

Call Now: (770) 984-8008

Email E. Dennis Bridges, CPA

Dennis Bridges’ Four Good Reasons To Give, No Matter The Tax Deduction

As often is the case, when I tell someone my profession, I get cornered for tax tips and advice.

Here’s what I WOULD respectfully suggest in regards to giving: four good reasons why you should strongly consider giving money to your favorite charity, right now — regardless of the tax deduction or even the impact the money will create…

1. Your heart changes.
Studies show that when individuals spend money on gifts for friends or charitable organizations, their happiness increases — while those who spend on themselves get no such boost.

2. You’re likely to just blow it on something dumb anyway.
As pious as you are, there’s still extra money in your budget somewhere. Create a budget for charitable donations, then take some of your extra money (each month or each year) and donate it to your favorite cause. Use your spending money to make a difference instead of spending it on Brookstone junk you’ll use just once. And if you think you don’t have enough, take that extra 2% you’ll be earning next year and put that toward a charity fund. For someone making $100,000, that’s $2,000.00!

3. Face it: If you don’t help now, you never will.
Don’t pretend that instead of giving money, you’re going to donate time. When was the last time you volunteered at a soup kitchen? Don’t let your mind fall for this trick. Send the money now or you’ll end up giving nothing.

4. Be a leader, not a follower.
This is the biggie, in my opinion, and perhaps the most important. There’s something intangible that happens in your psyche when you cut a big (or relatively big) check to someone in need, or to a charity organization. You feel more powerful — more dynamic. You signal to your own soul: “Money doesn’t rule me. I have more than enough, so much more than enough that I’m giving it away.” Then, of course, something special often happens: more money seems to find itself in your hands.

I’m not advocating a mystical pay-it-forward scheme or weird “prosperity-style” theology; I’m simply making the observation over years of being a student of how money works. And, perhaps ironically, it just seems to find itself in the hands of those who give it away.

So — was any of this helpful? Did it help you see things in a new light? Let me know…

More from my site

  • The Cohan Rule—What If I Have Terrible Records?The Cohan Rule—What If I Have Terrible Records?
  • A salve for all this chaosA salve for all this chaos
  • Financial Advice for Early-Stage WorkersFinancial Advice for Early-Stage Workers
  • Business Networking Done RightBusiness Networking Done Right
  • Thankful for the Journey at E. Dennis Bridges, CPAThankful for the Journey at E. Dennis Bridges, CPA
  • True Confessions, Case #22487: “Snatching Victory from the Jaws of Defeat”True Confessions, Case #22487: “Snatching Victory from the Jaws of Defeat”
This entry was posted on Monday, January 22nd, 2018 at 9:00 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

New Strategy Posts for your Finances

Looking Ahead to 2019 Taxes

Looking Ahead to 2019 Taxes

You have your 2018 tax return filed, or perhaps on extension, and now it is time to look forward to [...]
How Does Combining a Vacation with a Foreign Business Trip Affect the Tax Deduction for Travel Expenses of a Self-Employed Individual?

How Does Combining a Vacation with a Foreign Business Trip Affect the Tax Deduction for Travel Expenses of a Self-Employed Individual?

Article Highlights: Primarily Business Primarily Vacation Special Circumstances Foreign C[...]
Student loans --- YECH!

Student loans --- YECH!

As a general rule, most debt isn't helpful to you. In fact, I could probably state that more clearly[...]
We Love Sharing Good News: A Happy Tax Story

We Love Sharing Good News: A Happy Tax Story

Here at Team Bridges, we love cutting income taxes for you, just so you can keep a LOT more of your[...]
Four Good Reasons To Give, No Matter The Tax Deduction

Four Good Reasons To Give, No Matter The Tax Deduction

"When in doubt as to what you should do, err on the side of giving." - Tony Cleaver As often is [...]
Tweets by @EDBridgesCPA

Rave Reviews

Always helpful and friendly

December 7th, 2013

"Tim and I couldn’t be happier with what Dennis and his whole office have done for us with our taxes[...]

I saved more

December 7th, 2013

“I saved more taxes in one hour with Dennis’ strategies than I did with my previous accountant in th[...]

He saved us over $5000

December 7th, 2013

"Somebody told me about Dennis Bridges so I figured I’d give him a try. We had about the same gross [...]

He understood my situation

December 7th, 2013

“I would’ve never believed it if I didn't see it with my own eyes… I owed the IRS over $54,000 for s[...]

Latest Posts

  • Looking Ahead to 2019 Taxes
  • How Does Combining a Vacation with a Foreign Business Trip Affect the Tax Deduction for Travel Expenses of a Self-Employed Individual?
  • Student loans — YECH!
  • We Love Sharing Good News: A Happy Tax Story
  • Four Good Reasons To Give, No Matter The Tax Deduction
  • Resisting Financial Automation
  • What to Do When You’re A Saver and Your Spouse is a Spender (or Vice Versa)
  • Making Money Work In a Marriage
  • Tax Tips for First Time Return Filers
  • Ill-gotten Gains

Get our
Exclusive Free Report:

 

"The Top 5 Personal Tax-Saving IRS 'Secrets' For Surviving Tough Economic Times"

 

We'll also add you to our popular, weekly

Real World Strategy Notes

 
Interesting Image
 
 

SECURE & CONFIDENTIAL Your information will never be rented, traded or sold. We guarantee your confidentiality. We hate those spam criminals even more than you do! You will receive the promised report, as well as timely strategies for growing your personal or business finances.

E. Dennis Bridges, CPA | 234 Creekstone Ridge, Woodstock, GA 30188 | (770) 984-8008

© Copyright 2014 – E. Dennis Bridges, CPA – All Rights Reserved