File puptcrit/puptcrit.0812, message 167


Date: Mon, 08 Dec 2008 12:25:43 -0500
To: puptcrit-AT-puptcrit.org
Subject: Re: [Puptcrit] Donated Programs


I don't believe I mentioned anything about a tax credit.  I'm talking 
about income on which you pay taxes and a deduction which reduces 
your taxable income.  It is a wash.  Which is why there is no 
additional deduction allowed for your time.

At 12/8/2008  Monday  12:06 PM, you wrote:

> > The check you write to the organization will be tax deductible as a
> > charitable contribution to the same extent that the money they pay you is
> > taxable as income.  Therefore, it is a wash.
>
>Just to make sure: a tax deduction does not amount to the same as a tax
>credit.
>
>Robert Rogers
>
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