Make a Donation to Help Reduce the US Public Debt. Wait, What?(pay.gov)
pay.gov
Make a Donation to Help Reduce the US Public Debt. Wait, What?
https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454
4 comments
They should make it tax-deductible. ;)
It is deductible for the next year's returns
What about the clause "These donations are voluntary, and no goods, services, or other considerations are provided to the donors."?
go to page 88 (the one with - 88 - at the bottom) of the 1040 instructions at http://www.irs.gov/pub/irs-pdf/i1040gi.pdf
There is a section "How Do You Make a Gift To Reduce Debt Held By the Public" and it clearly states "You may be able to deduct this gift on your 2012 tax return".
You can't take a deduction for the 2011 tax year on a gift in 2011, but iirc its treated like any other donation
There is a section "How Do You Make a Gift To Reduce Debt Held By the Public" and it clearly states "You may be able to deduct this gift on your 2012 tax return".
You can't take a deduction for the 2011 tax year on a gift in 2011, but iirc its treated like any other donation
I just bookmarked this. They need to have something like this added to tax forms. I'd much rather 'donate' my money to the debt than the Presidential election fund or whatever other things they ask if I'd like to contribute to.
are you fucking kidding me? if the system is leaking memory and the solution is to add memory?
http://www.fms.treas.gov/faq/moretopics_gifts.html