Giving back To Veterans: 10 Tax-Deductible Charities to say ‘Thanks’
Around Veterans Day, many people choose to show their appreciation by giving a donation. Maybe they don’t have the time to volunteer or they would prefer to give money AND volunteer. Whatever the reason, the holiday is a huge reason many people donate to organization that give back to those who give their lives for American freedom.
You can benefit from the money you donate as well. Many donations made to non-profit organizations are tax deductible.
Make sure your donations count by checking the list of IRS approved charities. Also, make sure that your donations do not exceed 50 percent of your adjusted gross income (AGI). You can only deduct that amount from your taxes.
Veterans Day is a day that many people decide to donate their money or time for. They do this to say thanks to the men and women who serve our country every day. If you’re looking to give a donation for the Veterans Day holiday, check out a few of these notable, and tax-deductible, charities:
Wounded Warrior Project. This charity gives back to veterans who are wounded and need help rehabilitating and getting back into civilian life.
Purple Heart Foundation. The Purple Heart Foundation takes cars as donations and places the vehicles with veterans in need.
Hope for the Warriors. This organization provides support groups for veterans and active-duty military as well as their family.
Iraq and Afghanistan Veterans of America. This is an advocacy group that is committed to caring and speaking for the veterans of the Iraq and Afghanistan wars.
USO (United Service Organizations). USO is one of the most popular charities for active duty military. They send care packages to people who are in active duty overseas.
Navy-Marine Corps Relief Society. The Navy-Marine Corps Relief Society gives financial assistance, interest-free loans, educational scholarships and other support to Navy and Marine families.
Puppies Behind Bars. This organization raises service dogs that will be assigned to wounded war veterans.
Homes for Our Troops. HFOT builds homes and gives them to veterans mortgage free.
Thanks USA. Thanks USA gives technical and vocational school need-based scholarships for the children and spouses of US military personnel.
Fisher House Foundation. Fisher House Foundation is known for their network of homes where military and veterans’ families can stay at no cost while a loved one is receiving treatment.
These charities are great ones if you would like to help veterans or active-duty military soldiers. You don’t have to wait until Nov. 11 every year to find a way to give back to veterans. Make one of these tax-deductible charities your charity of choice and show your thanks every year.