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Yasir Qadhi

Can I Claim Tax Exemption for My Charity-Ask Shaykh YQ #156

Yasir Qadhi

Muslim Central

Society & Culture, Islam, Religion & Spirituality

4.81.3K Ratings

🗓️ 14 January 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

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0:04.0

Brother Shah Hid from the state of Iowa emails

0:09.0

and he says that is it allowed to claim your charity as tax deductions in the end of the

0:19.0

fiscal year and if one does so then does it diminish the reward of the charity.

0:27.0

Wama

0:29.0

A rusal namin

0:31.0

k k k kobanahilarijalan no he

0:36.0

I lah ihim,

0:38.0

fas alu

0:39.0

a la dikri in kuntu. So this is a very good question and it deals with the notion of so here in America

0:56.7

for those who are watching from other countries here in America the IRS or the Internal

1:01.4

Revenue Service which is what we pay our taxes to, that it allows any

1:06.1

contribution to a registered charity to diminish your taxes up to a certain percentage, right?

1:11.7

So if you give X amount to a registered charity,

1:16.0

you can claim that X amount and you will get Y amount credit.

1:20.4

And that Y amount credit will be deducted from your taxes.

1:24.0

So instead of paying $1,000 in taxes, you will pay 1,000 minus why.

1:28.4

So it'll deduce.

1:29.7

So basically you pay your charity, you give some charity and you also get some

1:35.0

tax deduction bonus which will save you some money. So our brother is

1:39.2

asking that is this Halal in Islam and number two if it is halal does it diminish the reward of the charity given.

1:48.4

So it's a very good question and the response is as follows that let me rephrase the question

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