MAXIMIZE YOUR TAX SAVINGS WITH CHARITABLE DONATIONS

Looking to minimize your tax burden this year? Donating to charitable causes can be a excellent way to give back. Not only will you be making a difference, but you may also be eligible for valuable tax benefits. A variety of charitable organizations are available, so finding one that aligns with your values is easy. To begin, make sure the organi

on the whole, contributions to charitable companies may be deducted nearly 50 % of modified gross income computed devoid of regard to net running decline carrybacks.  Contributions to specific non-public foundations, veterans corporations, fraternal societies, and cemetery corporations are restricted to thirty per cent adjusted gross income (co