With W-2s arriving at the end of January, taxes should be on your mind. I know, I know. You're over there thinking "What do my taxes have to do with a child's dream?" "Why am I even reading this?" I'll tell you why. It is time to pull out the receipts, thank you notes, and correspondences that prove that you made a donation to a non- profit organization in 2015, because they are tax deductible. What is a tax deduction? Well in essence it is a reduction in your tax liability. The boring, technical definition is "a deduction from gross income that arises due to various types of expenses incurred by a taxpayer. Tax deductions are removed from taxable income (adjusted gross income) and (*here is the important part*) thus lower the overall tax expense liability" The short and sweet explanation: you can owe less, end up owing nothing, or *gasp*... ...get more "dough" back! Because The Dream Factory is classified as a 501(c)3 not-for-profit organization by the IRS and since you received no goods or services for your contribution, donations made are 100% deductible. We suggest that you consult your tax advisor for specific instructions regarding the deduction of this contribution, that way you will get the most out of your investment! So, not only are you helping GRANT A DREAM and provide hope, happiness, and relief to a critically or chronically ill child and their family when you donate to The Dream Factory, but you are also getting a tax deduction! Can you believe it?! I don't think it gets any better than that. Don't freak out if you didn't make any charitable donations in 2015, because we have you covered for 2016 taxes! Get started now by visiting www.dreamfactoryinc.org and clicking donate. Make a difference and get some of your tax money back too! Have a question about The Dream Factory or this post? Leave a comment below and we will get you an answer!