Wednesday, April 30th, 2008
What Will You Do With Your Rebate?
Over 95% of taxpayers will receive tax rebates from the Federal government. Some will spend it, some will save it, some will give it away.
Did you know that giving it away will yield a larger benefit than saving it? Here’s proof that by giving you can truly receive:
If a couple in the 25% tax bracket donates $1,200 in rebate funds, they could enjoy $300 in tax savings. A donor who saves the rebate might earn 3% on a certificate of deposit. It would take eight years or more to earn as much as the charitable deduction will save in the year of the gift.
So, invest in the Lord’s work, and always remember your local church first!
