Giving to charity can provide not only large tax deductions, but also the satisfaction of doing good. On top of that, it’s one of the most flexible tax planning tools because you can control the timing to best meet your needs. Before you donate, it’s critical to make sure the charity you’re considering is indeed a qualified charity and is eligible to receive tax-deductible contributions.
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Topics: Charitable Donation Deduction, Tax, Tax Planning, Uncategorized