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Reply to "Tithing, Charity More than 10% of your AGI or combined incomes?"
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[quote=Anonymous][quote=Anonymous]I've struggled with this a lot. I feel called, in a religious sense, to donate 10% to a combination of church and charity, but my family is poor and I have been blessed. So [b]I choose to "count" contributions to my young relatives' college accounts and similar help as "charity."[/b] (To be clear, don't mean my own kids.) By that rule we easily clear 10%.[/quote] I think this counts if your family is poor but not if your family is rich. My brother and his wife are hourly wage workers and can't really afford to save for college, so I've been putting money in a 529 for their kids, and obviously we don't write it off but it is "giving." But if they were rich doctors, and I was their millionaire grandparent who was funding college accounts for their kids as a way to avoid inheritance taxes, then it would seem a little ridiculous to call that "charity." [/quote]
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