AMPLIFY YOUR TAX REFUND WITH CHARITABLE GIVING

Giving back to your community could also provide you a financial boost. By making charitable contributions, you could be eligible for a tax deduction that can materially reduce your overall tax liability. To maximize your tax refund through charitable giving, explore these tips: * Contribute to registered charities to ensure your contribution is e

You can not “double dip” with QCDs, nevertheless: the quantity excluded from income for a QCD can not be claimed as an itemized deduction. Kemberley Washington is usually a previous personnel writer at Forbes Advisor and supplies client-welcoming tax guidelines for individuals and companies. Her function goes outside of tax content articles. S