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A Tax Deduction for Gadget Nuts |
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Written by Michael Salsbury
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Tuesday, 13 November 2007 |
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If, like me, you're a gadget fanatic and you would like to help someone out while scoring an interesting toy in the process, I may have just the answer for you. The "One Laptop Per Child" project was started around 2002 by an MIT professor who saw in his travels how much a simple laptop computer could help the education of children in developing countries. He founded the OLPC project as a way to develop and build a very low-cost laptop PC that could be used to educate children in developinig nations. The resulting laptop computer is called the "XO" and is priiced at approximately $199. Right now, if you buy a laptop for a child in a developing nation, the OLPC project will let you buy one for yourself. The total amount out of your pocket will be around $425, of which you may be able to claim $199 as a charitable deduction on your U.S. Income Tax. (See your tax advisor or lawyer, naturally.) The option to give a laptop is of course going on for the forseeable future, but the option to get one for yourself or someone you care about is only open until November 26, 2007.
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