Tuesday, December 20, 2011

An Excellent Way To Save On Taxes

With the year winding down you are almost out of time to save on your taxes.

One way that is still available is by a contribution to a 503(c)3 non-profit like the Second Amendment Foundation or other non-profit gun rights organization. Donations to a group like the NRA are not deductible because it is a 503(c)4 organization and it does political lobbying. However, donations to the NRA Foundation would be tax deductible.

I like the reminder that SAF put up on their Facebook page and wholeheartedly agree with the sentiment.

Here are some links to worthy organizations that could use a donation. Just click on the name and it will bring you to their donation page. The list is not complete by any means and I'd welcome other suggestions. Remember, the organization must be a 503(c)3 non-profit for the donation to qualify for a tax deduction.

Second Amendment Foundation

CalGuns Foundation

Mountain States Legal Foundation

NRA Foundation

Jews for the Preservation of Firearm Ownership

One other group that I might add is the Gun Rights Radio Network. They are not a 503(c)3 non-profit - though they should be - so a donation wouldn't be tax deductible. Nonetheless, they do a great job in promoting the shooting sports and gun rights activism. They offer podcasts on everything from gunsmithing to practical defense tips. Mark Vanderberg runs the Network on donations and certainly could use a few bucks to keep it going. To donate go here.

1 comment:

  1. To pick a nit; it's 501(c)3, not 503.
    Folks should look back through their contributions over the year to be sure that all that are eligible are deducted. Definitely better to volunteer it to a worthwhile organization rather than have it taken by the feds.
    Jeff Knox, The Firearms Coalition
    P.S. Contributions to The Firearms Coalition are not deductible for federal income tax purposes.