AMPLIFY YOUR TAX REFUND WITH CHARITABLE GIVING

Giving back to your community could also give you a financial boost. By making charitable contributions, you are eligible for a tax deduction that may materially reduce your overall tax liability. To enhance your tax refund through charitable giving, consider these tips: * Give to registered charities to ensure your contribution is tax-deductible.

based on the IRS, charitable cash contributions are usually restricted to 60% of the taxpayer's modified gross income. So, a gift straight to a relative or other particular person will not qualify for a tax deduction. Donations to non-public crowdfunding campaigns, for instance by means of GoFundMe, also will likely not qualify, as They can be gen