GIVE GIVE GIVE When you give to a charitable organization or donate items, you receive tax credit up to givings equalling 5% of your yearly Gross Pay. (which is the amount before taxes). If you have an old car you are planning to trade in, think of donating it instead. You may only get a few thousand for your trade, but you can claim the full value of the vehicle on you donation, and you will be helping out someone without a car. If you have clothes or toys you are going to throw out, give it to a thrift store or a local shelter, you can claim it as well, just remember to write it down.
Remember a closed fist cannot receive anything back, but an open hand can give and receive equally.