Donating a percentage of your income to Daffy is a smart and flexible way to adjust your giving over time. As your income changes, so does the amount you give. This ensures that your giving remains proportionate to your financial situation, allowing you to give more when you can and less when you need to.
Daffy is a great option for a Donor-Advised Fund (DAF) because it allows you to donate based on your income, personal or religious values, and even take advantage of charitable tax deductions. With Daffy, you can start with a small amount and gradually increase your giving over time.
Daffy members have shared how they've increased their giving when they get a raise, bonus, or tax refund. They've also shared how they've adjusted their giving based on their personal or religious values. For instance, some Daffy members practice tithing, giving 10% of their income to support their faith community and those in need.
In conclusion, donating a percentage of your income through Daffy is a flexible and sustainable way to adjust your giving over time. It allows you to give within your means, align your giving with your values, and take advantage of tax benefits. So, whether you're a single individual living in San Jose, CA making $120,000 a year or someone with a different income level, Daffy can help you adjust your giving in a way that works best for you.
Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.