Скачать или смотреть Does Making Charitable Donations Actually Save You Money? | Misconception Monday

#taxdeductions #businessadvice #businesslawyer

This is Misconception Monday, where we tackle common misconceptions in business law, business and society generally. This week, we're talking about a general misconception around tax deductions.

You've probably heard that you can save money on taxes by making charitable donations to get you below a certain tax bracket. If you really understand the tax system, you'd realize why that simply isn't true. The math just doesn't add up!

By donating, you change your effective taxable income (and do some societal good), but you will still take home less at the end of the day.

Charitable donations will reduce your overall tax burden, but the bottom line is that they won't increase your net income.

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Have questions? Book a call, and talk to Brett today:
https://rebrand.ly/clarity-brettcenkus

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You can reach Brett through:

https://rebrand.ly/clarity-brettcenkus
  / brettcenkus  
  / bcenkus  
https://www.cenkuslaw.com
https://braatenwoods.com
https://merger-resources.com


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Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues.

Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals.

Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others.

Brett regularly consults with entrepreneurs and invests his own capital as an angel investor.

From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006.

Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania.

Brett lives in Austin with his wife, Cathryn, and two children. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots.