With recent news of a devastating typhoon in the Philippines, major earthquake in Indonesia, tsunami in the American Samoa, and flooding in Atlanta... many Americans feel compelled to help. What can you do?
If you are Red Cross-certified to assist in emergency situations you may be pinged by the organization to assist in relief efforts. However, more likely, physically participating in the relief efforts may not be feasible. Then, there is donating your money. At a time when the economy is weathering its own storm, you may feel like making a monetary donation is not an option. But, it still might be.
The IRS confers significant tax benefits for donations, making donating more palatable then you might have thought. As outlined by Charity Navigator-- a national evaluator of charities-- here are 5 reasons why you may still be able to afford to donate: