Earn Points and Miles for Donating to Charity – Triple Dip Everytime!

‘Tis the season for giving. ‘Tis also the season to make sure you have all of your tax deductions in order. So what’s the Triple Dip?

#1 Tax Write-offs

Here are the IRS guidelines for charitable donation tax deductions. Depending on your tax bracket, you could write off 30%+ of your donation. That’s like Uncle Sam giving you 1/3 of those points to you for free. I like it. Personally, I only file for less than $500 in donations to avoid the paperwork.

#2 Points or Miles

Listed are some current offerings for hotels and airlines that qualify for the tax write offs.

Hilton HHonors 10 points per $1 – Donate to Hilton HHonors Disaster Relief Efforts

Delta Skymiles, American AAdvantage, or United MileagePlus 10 miles per $1 – Donate to Cancer Research (scroll to middle of page)

Update: Earn 15 American AAdvantage miles per dollar now through November 11th for donations to the USO!

#3 Credit – Debit Rewards

When you donate, make sure you are using a credit card or debit card that will either match your contribution, or give you rewards. Here are the stand outs for donating to charities:

Chase Freedom® Visa – 5% Cash Back on up to $1,500 spent on dining, department stores, movie theaters and charitable organizations from 10/1/11 – 12/31/11. Plus a $200 sign up bonus if you apply now.

PerkStreet FinancialSM Debit MasterCard – 2% cash back debit card. Plus, this holiday season you’ll rack up even more cash with 5% cash back in popular categories.

8:36 pm - Posted by The Traveler’s Loophole

One Response to “Earn Points and Miles for Donating to Charity – Triple Dip Everytime!”

  1. In times like these one must really try and save every last penny so these tips can really help us save up here and there. Although not that much, these saving tips can really help you out in getting some cash for rainy days or simply the upcoming holiday season :)

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