Giving back to your community can also deliver you a financial boost. By making charitable contributions, you could be eligible for a tax deduction that can significantly reduce your overall tax liability. To enhance your tax refund through charitable giving, consider these tips: * Contribute to registered charities to ensure your contribution is

A thirty% AGI ceiling also relates to non-dollars presents of funds obtain property held for any yr or more time. typically, deductible contributions that exceed a yr’s AGI ceiling, might be carried ahead for the subsequent 5 years, topic to applicable AGI limitations in the yr claimed. Donating stock directly to charity is one of the most tax-g