| Maryland 4-H Grains for Youth Program |
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Donate grain. Make a difference! By donating grains, Maryland farmers provide opportunities for Maryland youths and can save on self-employment tax, federal income tax, and state income tax. Why should I get involved? For many cash farmers, significant tax savings can be achieved by donating crops directly to the Maryland 4-H Foundation, Inc. Cash charitable contributions are deductible only as an itemized deduction from adjusted gross income which results in reducing federal income tax only. By contributing crops to the Maryland 4-H Foundation the cash basis farmer avoids having to include the sale of the cash crop in income, which results in saving self-employment tax, federal and state income tax. Maryland farmers should always consult with a professional tax or legal advisor to determine tax implications prior to making the gift for current tax law information. For more information on how to donate and participating donation locations, click here. |
| Last Updated on Wednesday, 13 April 2011 10:11 |
Contact Us
Maryland 4-H Foundation
8020 Greenmead Drive
College Park, Maryland 20740
301-314-7835
