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Hi, this is Richard from claimbackmytaxes.com. You are here because you know you pay too much in income tax each year. You see those deductions on your paycheck every month and you know that it is a big chunk of the money you make. I am here to tell you that you do not have to pay all that tax at the end of the year. That you can get back all of that income tax, I can show you how it happens, how it works, why it works and why you should do it.
In this video I am going to show you the benefit of participating earlier in the year in the tax shelter and discuss the issue of whether or not you should borrow money to participate. Let us say you chose to donate in January. The cost for each donation unit would be approximately two thousand three hundred dollars. Because of that contribution you will be able to claim a tax credit of around seven thousand two hundred dollars.