Get Tax Writeoffs When You Give Back with Wine
It's getting easier every month to find options for getting wine as a charity purchase. As more companies that focus on giving back get their footing and find ways to succeed, and major wine makers and sellers decide to commit resources to charitable endeavors, it seems the entire wine world in the United States is slowly shifting on its axis to be more charitable. This makes giving back with wine a very reasonable goal, whether or not you care about the tax writeoff that many such efforts enable.
Wine is something of a luxury product. This is especially true for people who try at all to find wine of a specific, decent quality. This is a large part of how and why wine has become so interested in charity and been able to do so effectively. Many charitable wine companies start as a project based on a personal cause like raising money for a friend's illness. Then they realize that wine makers like supporting these kinds of projects, and people like buying those limited vintage bottles of unique, high-quality wine, especially when they get to send part of the proceeds from their purchase to a charity. And all of a sudden a very successful business is born.
There are a few popular companies that offer the opportunity to give back simply by buying wine now. Many are based in California, but their wines can found in stores across the country as well as ordered online. And in fact, ordering online is often the best option because it gives you even more control over your charitable donation. Many companies allow you to choose where your money will go when you order online, so you can get a tax writeoff and support your favorite cause .
Some people might worry that donating to charity through buying wine will make an expensive hobby even more so. If the company is donating part of its profits, won't it have to charge more for the same bottle to stay viable? It's a legitimate concern and you should always try to comparison shop. But the reality often doesn't look this way. For one thing, many of these specialty companies can operate on slimmer margins in the first place. What's more, they often pair with exceptional wine makers whose wine already ranges in price enough that, when combined with getting the bottles for slightly less cost as the vintners "contribution" to charity, their profit is healthy regardless of whether they donate a percentage. What's more, they tend to use giving back as part of their marketing campaign, because people do love to spend with a company that has somewhat altruistic motives.
So as they say, giving back to the community is just good business sense. Of course, it's also good business sense for buyers, so everybody wins. Not only do you get the value that you personally derive from knowing that bottle you'll share Friday is also supporting the fight against breast cancer. You also get to claim some portion of it as a tax writeoff because you're supporting charity. Nothing like getting doubly rewarded for drinking delicious wine!
About the Author
Charity Wine Purchases Earn You a Tax Writeoff. More Importantly, They Give You an Excuse to Try a New Bottle of Wine and Support a Good Cause, at http://www.onehopewine.com.
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