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

in accordance with the IRS, charitable cash contributions are generally limited to sixty% of a taxpayer's altered gross income. For those who have seasoned a higher-income calendar year, it can be advisable to take full advantage of charitable contributions. Donating to DAFs will assist you to lessen your taxable income. When employing a DAF, your