MAXIMIZE YOUR TAX REFUND WITH CHARITABLE DONATIONS

Year-end giving can be a valuable way to assist causes you champion, and they can also offer significant tax advantages. By giving to qualified organizations, you can potentially decrease your taxable income, leading to a bigger return. It's essential to talk to a tax professional to understand the best strategies for your circumstances and ensure

The IRS has published a comprehensive guide on gift substantiation. many of the agency’s rules include things like: If a volunteer or group of volunteers results in or improves value in an asset it'd qualify as an in-variety donation to the nonprofit, for instance a group of volunteers Performing to build a house for very low-income households.