MAXIMIZE YOUR TAX SAVINGS WITH CHARITABLE DONATIONS

Looking to minimize your tax burden this year? Donating to non-profit causes can be a great way to contribute. Not only will you be improving lives, but you may also qualify for valuable tax breaks. Many charitable organizations are out there, so finding one that supports your values is easy. To begin, make sure the organization you choose is a r

For specifics regarding how to apply The share limits and a description from the recordkeeping guidelines for substantiating gifts to charity, see Publication 526, available on IRS.gov. The IRS uses fair current market worth (FMV) to ascertain the quantity you could deduct for almost all donated goods. resulting from this Unique provision, many p