MAXIMIZE YOUR TAX REFUND WITH CHARITABLE DONATIONS

Year-end philanthropic acts can be a meaningful way to assist causes you care, and they can also offer significant tax benefits. By contributing to qualified charities, you can potentially decrease your taxable income, leading to a heavier return. It's essential to consult a tax professional to determine the best approaches for your situation and e

By way of example, you can “bunch” your charitable contributions in just one tax yr, using a donor-recommended fund, to improve the quantity you donate within a large-income yr, then the funds may be used to aid charities after some time. Or you may make a mixed present of appreciated assets and income To optimize your benefits. By establishin