501c3. It’s more than just a number. Er, more than just a number with a letter in it.
Last week SaveABunny was approved for 501c3 nonprofit status. What this means for you is that any donation you make is now tax-deductible! Just in case you don’t know (I didn’t!), here’s how it works:
Of course we would all be perfectly content just knowing that our $30 is going to a good cause. We don’t need anything back! It’s called giving for a reason! But thanks to those four little numbers (and one letter!), the kindness of our hearts has a little extra incentive.
Come tax season, you can subtract that $30 from your taxable income. Let’s say you made $29,687 last year – thanks to your donation, the government will now only tax you on $29,657. Of course $30 won’t exactly save you bridge fare, but a large enough donation can drop you right into a lower tax bracket. And if you can donate a few times a year, it really adds up.
So not only do you save money, but Dulciana gets the funds she needs to live a better life!
And it’s not just cash that’s tax-deductible. Gifts are, too! Any item from our Wishlist is a great place to start.
We’re all super excited about our new status here at SaveABunny, and we hope you are too! Come by and celebrate with us at the SaveABunny Bake Sale next month:
SAVE A BUNNY BAKE SALE
In Front of Bank Of America on
- Bring your appetites!
- Bring your baked goods!
- Bring your generous donations!