Replies to post #275753 on Tornado Alley (PROG)

[BullNBear52]

That is creative but I don't think that applies. The problem is you have to come up with more than the standard deduction.

Pitcher Cole Hamels donates Stone County mansion to Camp Barnabas

http://www.news-leader.com/story/news/local/2017/12/15/pitcher-cole-hamels-donates-stone-county-mansion-camp-barnabas/956053001/

Do you make charitable contributions?

Keep giving!
The bill would keep deductions for charitable gifts if you don’t take the standard deduction. In 2014, 36 million households deducted charitable contributions. But Republicans have proposed to nearly double the standard deduction, which means that fewer people would claim charitable deductions.

https://www.nytimes.com/interactive/2017/12/15/us/politics/republican-tax-affect-you.html

Do you take the standard tax deduction?

Good news: It could double.
The bill would roughly double the standard deduction, so many more people would end up taking it instead of itemizing the deductions listed above. If a married couple pays less than $24,000 in itemized donations, the couple would do better under the bill’s new standard deduction. This change would expire after 2025.