ENHANCE YOUR TAX REFUND WITH CHARITABLE DONATIONS

Year-end charitable contributions can be a rewarding way to assist causes you champion, and they can also offer significant tax advantages. By contributing to qualified nonprofits, you can potentially decrease your taxable income, leading to a bigger return. It's essential to speak with a tax advisor to determine the best approaches for your situat

"That will help you decrease your taxable income," claims Ed Slott, a CPA who educates economical advisers on IRA and retirement setting up techniques. You can also assert a charitable deduction, assuming you are able to itemize in the year you donate. Tina Orem is surely an editor at NerdWallet. right before becoming an editor, she was NerdWallet