Friday, November 27, 2009

For your pre-New-Year's-Eve tax-planning

You probably already support one or several of the 1,200 arts and culture groups in Oregon that, collectively, look to the Oregon Cultural Trust for support. Thanks to a unique law, you can turn your support for those groups into a zero-cost-to-you donation to the Oregon Cultural Trust.

It works like this. Say you gave ten $100 gifts to arts and cultural organizations in Salem, such as
That means you gave a total of $1000 to supported groups -- now, give another $1,000 to the Oregon Cultural Trust and it costs you nothing because you get a $1,000 Cultural Trust Tax Credit. Thus, you can give a total of $2000 to support arts and culture in Salem and your net cash outlay, after tax deductions and credits will be range from only $210 to $410, depending on your federal tax bracket -- so you get to support arts and culture in Salem with real dollars that only cost you dimes. It's the best deal in town. Check it out.
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1 comment:

Cynthia said...

Thank you, Walker! You can donate 24/7, from anywhere in the world, at www.culturaltrust.org. But you must complete your cultural donations by 11:59 PM on 12/31 to claim a 2009 cultural tax credit.

December 29, 2009 at 3:14 PM

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