MAXIMIZE YOUR TAX REFUND WITH CHARITABLE GIVING

Giving back to your community can also give you a financial boost. By making charitable contributions, you are eligible for a tax deduction that could materially reduce your Donate for tax saving overall tax liability. To optimize your tax refund through charitable giving, consider these tips: * Give to registered charities to ensure your contribu

in accordance with the IRS, charitable dollars contributions are generally limited to sixty% of a taxpayer's modified gross income. So, a gift straight to a relative or other particular person will never qualify for any tax deduction. Donations to private crowdfunding campaigns, for example by way of GoFundMe, also will not qualify, as They're nor