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NO
I do not see anywhere in those links that says tax deductible.
Such a trust is not a charitable organization. It's primary purpose is to protect assets and provide for the "Special Needs" of a disabled individual, without endangering government assistance for that individual. Whenever you stop and give something to that person with the cardboard sign, you are likely contributing to a special needs individual. If they add the words "contribute to my trust" would you think it to be a valid deduction?
NO
I do not see anywhere in those links that says tax deductible.
Such a trust is not a charitable organization. It's primary purpose is to protect assets and provide for the "Special Needs" of a disabled individual, without endangering government assistance for that individual. Whenever you stop and give something to that person with the cardboard sign, you are likely contributing to a special needs individual. If they add the words "contribute to my trust" would you think it to be a valid deduction?
Yes, most definitely I believe that if the words "contribute to my trust" was added to the cardboard sign, that's a valid deduction.
Just the fact the person is using a cardboard sign in-and-of-itself is signal enough that we do NOT have enough incentives for the rest of us to be helping people w/ disabilities have a higher standard of living that is indeed also a happier standard of living (happier when the happen to have friends to share with !!! Difficult to have friends when you've nothing to share !!!)
Even under such "fantastic" circumstances, I'd much rather be the person WITHOUT a qualifying disability.
"....contribute to my trust" was added to the cardboard sign, that's a valid deduction.
@sheila7000 - Words on a cardboard sign do NOT make something deductible under IRC. I'd really hate for a future searcher to see your comment.
And FYI, this post is almost two years old. There's no reason to resurrect it.
Tax laws are tax laws.
Wishes don't change them - even when there are social injustices.
Take it up with Congress.
"So yes, most definitely I believe that if the words "contribute to my trust" was added to the cardboard sign, that's a valid deduction, as I had said, but you didn't get it."
When you give money like that, that is a gift. Not a tax deduction. An individual is not a qualified charity.
Stop confusing IRS regulations and morality. This is not that sort of forum.
Because you're not Congress - yeah that sounds lame.
Right often makes might, meaning laws can change for the better.
Tax laws are arbitrary, and so are the consequences. But, it's no excuse not to strive for better.
It's been my experience that the 4th branch of the US government is the most effective, "We The People..." And, likely that's why it's taught that our government only has 3 branches. Wouldn't want the 4th branch to have too much power...
So I'm approaching "the people" instead of Congress - no big deal.
"So I'm approaching "the people" instead of Congress - no big deal."
Nope, you're not. This is a Lacerte Program users' forum. The people here are trying to use Lacerte Software for their clients. If that is not what you are doing, you are lost on the internet. This is not a Social network. It's not a morality discussion group. There are tons of that elsewhere.
Did you have a question for how to use Lacerte to prepare your clients' income tax return? That's where you are.
Otherwise, you just stormed into a group that is on their jobs; that sort of disruption is called Trolling.
Ok. But, it's not trolling.
Yes, it is and yes, you are (trolling).
Just because Intuit won't lock out non-professionals doesn't mean you should be here
Please go to some social media forum to suggest the changes you'd like to see in the tax codes.
@IntuitJim and/or any other mods - this thread needs to be locked.
Trolling is intentional. So you are wrong. Imagine that!
"Trolling is intentional. So you are wrong. Imagine that!"
Nice. You must be very proud of yourself.
Yes, I can imagine. And, that became a problem for you.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.