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Happy Boxing Day!
If you donate to a charity on Dec. 26, or any day, check out your possible tax deduction

December 26, 2015

The day after Christmas is known in some countries as Boxing Day.

These cats seem to be in the spirit. 

Cats enjoying boxing day_no edging

As was our kitty on any day of the year that a box of any size appeared.

Z in a box

Tumbling Taxes also shows that big cats enjoy boxes, too, but in slightly different ways than do their so-called domesticated cousins.

As a lover of cats large and small, house and wild, I can certainly appreciate the feline interpretation of Dec. 26

However, for people, Boxing Day has different meanings.

An evolving Boxing Day: In recent years, according to the Associated Press, Boxing Day has evolved into a day of relaxation, indulgence and shopping.

Televisions across the world are tuned to the sporting events popular in the broadcasters' nations, including college and professional football games in the United States and soccer matches everywhere else in the world, perfect for spending the day curled up on a comfortable couch.

Some folks open their homes to family and friends who drop by for turkey, ham, and half-finished bottles of wine left over from Christmas dinner.

Others head to the stores again, to exchange ill-fitting or inappropriate gifts or simply to take advantage of post-Christmas sales. 

Boxing Day's origin: But some folks tend to hew closer to Boxing Day's origins.

Some say the day is connected to St. Stephen, whose feast day is Dec. 26. He was a deacon in the early Christian church, renowned for helping care for the poor. Boxing Day, say St. Stephen acolytes, honors his work and fall on Dec. 26 because it traditionally was the day that churches opened their boxes of alms and gave them out to the poor.

Another theory is that the day began centuries ago when servants were given the day after Christmas off as a day of rest after all their work in preparing their masters' holiday celebrations.

While Boxing Day is primarily celebrated in the United Kingdom and the nations, predominantly Canada and Australia, that were part of the Commonwealth, it is still celebrated in some other countries.

If you want to get into the spirit, consider giving today to your favorite charity. You can volunteer. Or donate money. Or donate other things, such as the old clothes you no longer need because you got new ones yesterday, or other household goods.

Giving and getting back at tax time: If you are inclined to be charitable today, or any of the other 364 days for that matter, you also might be eligible for a tax deduction on your upcoming tax return. 

That's why today's date, 26, is this week's By the Numbers honoree.

That tax break, of course, is not why you want to give and celebrate Boxing Day. But there's nothing wrong with getting yourself a little tax gift in connection with your desire to help others.

You can find out more about the tax rules regarding charitable giving at:

If you want to give on this Boxing Day, I know some cats who can suggest some animal-related charities for your consideration.

But regardless of how you decide to spend Boxing Day, be it doing good deeds or recovering from a fantastic Christmas, enjoy!

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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