When you choose to donate to an association or charity, you are helping people in need. It can also provide you with many personal benefits.
Whether you choose to make a donation to an organization that supports people living in poverty, advocates for the protection of the environment… discover in this post, the main benefits you can benefit from.
Did you know that donating to charity can get you a tax reduction? When you donate to a charity registered in France, you will receive a tax receipt for your donation. Your receipt can then be submitted with your annual tax return to receive a tax credit of up to 66% or even 75% of your donation.
It’s possible that a big contribution means big savings on your taxes. For many taxpayers, this is a compelling reason to donate to charity. However, it is necessary to take into account the tax scale on real estate wealth to know your future tax rate.
With this in mind, it is practical to use an IFI simulator which includes your tax reduction in its calculation. It will be easier for you to see how much you can save when you make a donation.
If you plan to make a regular donation each month for a particular charity, it can motivate you to be more careful about your finances. In this way, you make sure that you do not fall behind in the payment of your monthly donations.
More generally, you will pay more attention to your bank account. This is particularly beneficial if you want to help those in need, or if you simply want to monitor your monthly bank loan payments.
Beyond the financial aspect, making a donation reinforces a person’s values. Often it is a sense of social awareness that inspires people. Feeling a moral duty to use what we can in order to help others is a feeling deeply rooted in the values and principles of many people.
Being able to improve the lives of others is a responsibility for many people. That’s why making a donation is a great way to reinforce your personal values and feel that you are loyal to them.
In today’s society, there really isn’t a perfect time to donate. However, there are always people who need help. Whether it’s because of Covid-19, the country’s economy which is in the doldrums or the harsh winter…; the fact is that when you make a donation (in money, in kind…), you are helping those in need. It’s a way to make a positive impact and strengthen your community.