For 50 cents I can trust before verify. Most of the time it is an animal rescue charity shop that has it. They do pay a fee for credit cards, and everyone uses them, almost, now. The fee is more than the rounding up. But they directly get the 50 cents, plus or minus 49 cents.
Charity; anybody else remember those little envelopes they would give you for March of dimes? In the spirit of giving I remember silver dollars going out in the mail too. Over the years imagining someone in the post office made off with them.
Donating to charity at any business is a tax-write off for them because they collect it then "donate" it to the charity...and getting a write-off for it! So you're paying for the business to take the tax write off. Since Walmart does over $600 Billion in sales a year, imagine how much money if only 25% of the customers "round up"...you're talking about some serious cash... I can see both sides of that issue.
I don’t think businesses can claim donations of other people’s donations to a charity as a tax deduction.
They always tell what charity the ones I have seen. If it just says round up, I don’t round up. Why would I do that. People sound angry because someone tells the truth about trump is what I also see. This is not good.
I got a couple of gripes! My 2014 Tunda (5.7l V-8) looks to have some oozing oil coming down and collecting around the oil drain pan. (It's not dripping on the ground just yet.) So I made an appointment with Toyota yesterday to have a service done. (Oil change and tires rotating) I asked them to identify any leaks, expecting at least 2 areas but they only found one, the timing cover. (A pretty common issue in this V-8's.) Their estimate to reseal was $2,600, which is outrageous. So I'll shop around to some local mechanics and get other quotes....hopefully for closer to $1,500. I do all my own maintenance but not on the bigger issues like this. They did change their oil change special. Years ago, it was $120 for three but you had to use them in 12-months. (Great for folks who drive a lot) Now, they have a synthetic deal where you get 3 for $240 and you have 3 years to use them all....so I got that and will do the oil change at 6-months and let them do the tire rotation yearly. (I barely put 5,000 miles a year on the Tundra...she only has 52,000 now after 10-years.) MANY new Toyota vehicles on the lot...the most I've seen since pre-Covid. I sat in a Toyota Crown and it's BEAUTIFUL from the front and rear but, boy, she's an ugly beast from the side...it's like they couldn't decide to make it an SUV or a station wagon or a sedan....kinda looks like an old 70's station wagon from the side. And she takes 0W-8...that's the first car I've seen in person that takes that...has the new 2. 4 liter 4-cylinder with hybrid engine.
I saw a Crown in person once and had about the same reaction. 0W8? Um........OK. Be interesting to see how many 300,000 mile engines that produces.....
The deductions go to the person making the donation with their money. The store doesn’t take someone’s money then donate it and say it was the store’s money.
I'm sure I've never added up a year of my round-up amounts to use on Schedule A to claim a charitable deduction. It's been a while since I even bothered to back-of-the-envelope Schedule A to decide if it's worth filling out instead of taking the standard deduction. With the jumbo standard deductions of recent years, it hasn't even been a question, in my situation, anyway.
Similarly, restaurant tips are supposed to go to waitstaff too, never ever kept by the owners. But some friends mentioned not getting all of their credit card tips in their early working days of doing such work, unless they made and kept photocopies. Even then, some were denied on the excuse that the establishment was stiffed on the credit card charge, without showing any evidence of such. Then there have been various legal actions locally against eating establishments for stiffing the waitstaff, owners helping themselves to the pooled tip jars, ... There is a difference better those round-up donations, and restaurant tips: waitstaff noticing and having to fight to get the tips they know they earned. Who is similarly watching and advocating to ensure that all of those round-up donations are actually donated?
@ tips: Since it's still allowed in many places, I always tip in cash. @ Standard deduction: 2017 Tax Cuts and Jobs Act (set to expire soon) I guess some people think I'm one of the 'rich' people who benefitted from the TCJA. Actually? I was using the standard deduction before then. I just got to keep a little bit more after 2017. I always worked it out both ways in January, but in the last few years it's a no-brainer.
Yes, to make it more palatable in the news that the very wealthy and the wealthier you are the more tax break you get. I had pondered that increased standard deduction, and wondered also. It also changed the deduction for mortgages and property taxes. They put a cap on it. Giving you more money doesn’t bother him, as long as it gets the tax break for himself passed.