Giving back to the less fortunate is a rewarding experience. But, strategic charitable donations can provide significant tax advantages. By understanding the rules surrounding charitable deductions, you can maximize your tax savings while supporting causes you care about. Consider working with a CPA to develop a plan that aligns both your philanthr

By using the right tax planning methods, charitable contributions can decrease three sorts of federal taxes: income, funds gains and estate taxes. In addition, you are able to deduct the truthful industry value of the assets at time of your donation, presented you’ve held them for much more than a year. Donor-recommended fund - A donor-encourag