The 2010 year is drawing to an end and decisions about tax deductions come to the fore. Financial planners who are also eyeing a way to make room for a new technology LCD TV from one of those killer end-of-the-year deals can follow the list below. These are ways any tax bracket can make an itemized deduction and make way for a new super black backlit LCD TV in the hizzouse.
1. Charitable Donation
Many charities work with programs for fund drive and projects where any donation is very much valued and appreciated. Tax deductible groups and charities can be found via the IRS website or by asking the charitable organization of your choice to demonstrate their tax ID number. The rules for claiming a value may be the replacement cost in some cases of donation or the brand new cost if receipts can be shown without too much damage or aging to the LCD TV unit.
2. Youth/Community Center
Funding for youth group organizations and community centers have suffered from a downswing in charitable donations. The kinds of things these groups get are far from what they need. Many after school organizations and places like like libraries are actually safe harbors for children until latchkey parents arrive home or can pick them up. They usually have rooms for the media but no actual equipment. A fair deduction for your LCDTV gift may be smiled upon by the IRS in the spirit of the season.
3. Church
It is hardly likely any church has as nice a television as the one in your living room or home theater. Churches and religious groups have a need for projection or big screen communications. Ongoing media displays, movie nights, and special screenings of religious films or documentaries can instantly become calendar events for th church body with a (for them) new LCD TV in their midst. It is likely the youth room or kids’ room of any church you think of can use it.
4. Schools
Public schools in underprivileged and underserved districts would love to have an LCD or LED TV of any home theater quality for their media exhibits and programs. School budgets have also suffered even as technology has grown. Lab teaching and media materials that could help the school could be spent on new titles and courses with a new LCD TV in-house. Get a receipt from the principal or audio visual office at the school.
