MAXIMIZE YOUR TAX SAVINGS WITH CHARITABLE DONATIONS

Looking to lower your tax burden this year? Donating to non-profit causes can be a excellent way to contribute. Not only will you be helping others, but you may also be eligible for valuable tax benefits. Many charitable organizations are out there, so finding one that aligns with your values is straightforward. Initially, make sure the organizat

usually, contributions to charitable corporations can be deducted nearly 50 p.c of modified gross income computed without regard to net functioning decline carrybacks.  Contributions to selected non-public foundations, veterans businesses, fraternal societies, and cemetery organizations are limited to 30 p.c adjusted gross income (computed with