There are countless people in Chicago who give to local charities on a regular basis. If you are interested in following their lead, it is best to think this decision through before moving forward. Here are all of the pros and cons associated with this choice.
Pro – A Sense Of Pride
When you help someone who is not able to do for themselves, it is a rewarding feeling. This is further compounded when you are not financially well off yourself. The fact that you are willing to go the extra mile for someone else means that you have a good heart and this is not something that is easy to find in this day and age.
Con – You Must Do Research
All charities are not created equal, which means that you will have to do some research in order to determine which organization to give a helping hand. It is really hard to know that there are so many out there that need your help and you will not be able to assist each and every one of them.
Pro – Tax Deductions
The reality is that much of the donations you offer to charities can be written off when it is time to do your taxes. This means that you can reduce the amount of money you owe the IRS at year’s end. For those who tend to owe a fairly sizable amount, this can be quite useful.
As you can tell, there are good and bad things associated when donating to charity. You should think all of this through thoproughly before deciding whether you would like to move forward and offer assistance. There are so many out there who need it; you should certainly consider being their saving grace.