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 guidelines surrounding charitable deductions, you can optimize your tax savings while supporting causes that are important to you. Explore working with a financial advisor to develop a plan that

"That will let you lower your taxable income," says Ed Slott, a CPA who educates fiscal advisers on IRA and retirement arranging procedures. You may as well assert a charitable deduction, assuming you'll be able to itemize during the yr you donate. commonly, itemizers can deduct 20% to 60% in their adjusted gross income for charitable donations. t