MAXIMIZE YOUR TAX SAVINGS THROUGH CHARITABLE DONATIONS

Giving back to your community is a rewarding experience. Furthermore, strategic charitable donations can provide significant tax advantages. By understanding the rules surrounding charitable deductions, you can optimize your tax donation for tax saving savings while supporting causes you care about. Investigate working with a CPA to develop a plan

"That will allow you to reduce your taxable income," suggests Ed Slott, a CPA who educates fiscal advisers on IRA and retirement preparing approaches. You can even assert a charitable deduction, assuming you may itemize while in the year you donate. Take note: This deduction is not offered if a person taxpayer opts to pay for taxes beneath the new