MAXIMIZE YOUR TAX SAVINGS THROUGH CHARITABLE DONATIONS

Giving back to your community is a rewarding experience. Also, strategic charitable donations can provide significant tax advantages. By understanding the rules surrounding charitable deductions, you can amplify your tax savings while supporting causes that are important to you. Investigate working with a tax professional to develop a plan that sui

For example, you may “bunch” your charitable contributions in one tax year, employing a donor-recommended fund, to raise the amount you donate within a superior-income year, and then the cash can be employed to assist charities as time passes. Or you can also make a combined present of appreciated assets and cash to maximize your benefits. You