banx comments on Open thread, Oct. 5 - Oct. 11, 2015 - Less Wrong

7 Post author: MrMind 05 October 2015 06:50AM

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Comment author: banx 08 October 2015 05:07:38AM 11 points [-]

My employer changed their donation matching policy such that I now have an incentive to lump 2 years' donations into a single year, so I can claim the standard deduction during the year that I don't donate, thereby saving around $1200 every 2 years. I've been donating between 10 and 12.5 percent for the last few years. This year I would be donating around 21%. Has anyone here been audited because they claimed a large fraction of their income as charitable contributions? How painful was the experience? I doubt it's worth paying $1200 to avoid, but I thought I'd ask.

Comment author: jkaufman 12 October 2015 02:15:58PM 2 points [-]

Julia and I donate 50% and haven't been audited yet, but I expect we will at some point. We keep good records, which should help a lot.

Comment author: hg00 12 October 2015 03:42:54AM 1 point [-]

I donated roughly that percentage several years ago & was not audited.