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

The IRS permits taxpayers to deduct donations of money and residence to certified charitable businesses. Taxpayers who itemize can typically claim a deduction for charitable contributions to qualifying corporations. The deduction is often limited to 20% to sixty% in their altered gross income and may differ determined by the sort of contribution a