At MyFundAction, we’re deeply thankful for your support, which enables us to deliver life-changing initiatives. Did you know your givings are also tax-deductible? This means you can reduce your taxable income while contributing to meaningful causes.
To make the process simple, we’ve prepared this guide to help you request your deductible receipt and maximize both your impact and financial benefits. Let’s get started!
| Claim Your Tax Deduction Receipt Here |
What Are Tax-Deductible Donations?
Tax-deductible donations are contributions to registered charities, like MyFundAction, that reduce your taxable income. By claiming these deductions, you not only support impactful causes but also enjoy potential tax savings. It’s a win-win—your generosity makes a difference, and you benefit financially!
Why Claiming Your Deductible Receipt Matters?
Claiming your tax-deductible receipt isn’t just about saving on taxes—it’s also about reinforcing the positive impact of your support. Here’s why it’s important:
- Financial Savings: By claiming deductions, you reduce your taxable income, which can lower the overall tax amount you owe. This benefit allows you to allocate more of your financial resources to causes you care about.
- Organized Record-Keeping: Requesting and organizing your receipts helps with financial planning and eases the process when filing taxes. When tax season arrives, you’ll already have documentation in place, minimizing stress.
- Empowering Long-Term Support: Tax benefits from claiming deductions can allow you to continue or even increase your charitable giving over time. By taking advantage of deductions, you contribute to sustaining the mission of organizations like MyFundAction, amplifying your impact on projects that make a difference.
Steps to Claim Your Tax-Deductible Receipt
Claiming your tax-deductible receipt is easy! Follow these steps:
- Share your giving to any project local of MyFundAction
Support any of our eligible campaigns or programs located in Malaysia, as only these projects qualify for tax deductions - Record all your receipts
Keep track of your receipts for each project. You can download them from your MyFundAction account or check your email for the receipt sent upon the successful completion of each giving. - Request your tax receipt
Fill out the Receipt Request Form. Provide details such as your full name, amount of support, and transaction ID to ensure smooth processing. Once submitted, your tax-deductible receipt will be sent to you online within 14 working days.
With these simple steps, you can enjoy the tax benefits of giving back while helping us drive meaningful change. If you have any questions or need assistance, feel free to contact us at +60162341090. Our team is happy to help!
Frequently Asked Questions (FAQs)
Here are answers to some common questions:
- Is there a minimum donation amount to qualify for tax deductions?
Yes, to qualify for tax deductions, your giving must be a minimum of RM50. - How long should I keep my receipts?
It’s recommended to keep your receipts for at least three years for tax purposes. - Can I claim deductions for event-based donations?
Yes, if the event is hosted by MyFundAction and meets eligibility criteria for tax deductions.
If you have further questions, feel free to contact us. We’re here to assist!
