Lenders do not figure in charitable donations (i.e. tithing) into the debt to income ratios. So, when a person goes into the local bank to get a loan, and they are right at the top debt ratio limit, they can still get the loan even though 10%+ of their income is going toward ...
In theory, tithing is tax-deductible. But whether or not you can do it depends on your tax situation. Tithing comes under the tax deduction category of charitable contributions. That makes it tax-deductible. But there”s a glitch. It”s only deductible if the amount of your tithe, plus...
Obtain an annual statement from your church that provides the total amount of your tithes or create a list that includes the date and amount of each tithe. Enter the total amount of the tithes plus any other charitable donations made by cash or check in the Gifts to Charity section of the...
The truth is, motivating churchgoers to tithe has always been a priority. Tithing is necessary for good church health and growth. Regularchurch givinghelps keep the church operational, and people who choose to give regularly become the most committed, “plugged-in” church body members. To en...