Which of the following is benefit to you of your charitable giving?
A. the inability to use the money donated to buy something for yourself
B. an income tax deduction you become eligible for
C. the inability to use the property donated for yourself
D. the value of the money that you donated
B. an income tax deduction you become eligible for
When you give to charity and itemize your deductions, one personal benefit you may receive is an income tax deduction. This can reduce your taxable income and potentially lower the amount of tax you owe. This isn't the primary reason most people give to charity, but it is a financial incentive that can make giving more attractive. The other options listed (A, C, and D) are not benefits to the donor but rather sacrifices or descriptions of the donation itself.