As the end of the year approaches, here's a suggestion:
If you are itemizing your deductions this year, you may want to
calculate if you can save money by paying next year's charitable
contributions this year.
If your deductions including charitable contributions are above the
standard deduction, but not including charitable contributions are below
it, you can save money by alternating. For example, pay your "2009"
contributions this month and so claim double contributions this year
(since you also have your "real" 2008 contributions), while next year
you claim the standard deduction. This in 2010, pay your 2010 and 2011
contributions, and so on.
(All this assumes that you have a fairly fixed schedule on what you
contribute.)
Some people have said that they can pay ahead on their local property
taxes, which gives you an even better deal.
--
Evelyn C. Leeper
Be braver. You cannot cross a chasm in two small jumps.
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