MAXIMIZE YOUR TAX REFUND WITH CHARITABLE DONATIONS

Maximize Your Tax Refund with Charitable Donations

Year-end philanthropic acts can be a valuable way to support causes you care, and they can also offer significant tax advantages. By donating to qualified organizations, you can potentially decrease your taxable income, leading to a bigger refund. It's essential to consult a tax professional to understand the best approaches for your circumstances

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5 Easy Facts About tax benefits of donating Described

"That can assist you lower your taxable income," says Ed Slott, a CPA who educates economic advisers on IRA and retirement scheduling tactics. You can also assert a charitable deduction, assuming you may itemize within the calendar year you donate. Even junk cars is usually auctioned for areas or for restoration and reuse. Charities that look for

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