MAXIMIZE YOUR TAX SAVINGS WITH CHARITABLE DONATIONS

Giving back to your community is a rewarding experience, and you can also a smart financial move. By making charitable donations, you can reduce your tax liability. Consider donating to qualified organizations like charities, religious groups, or educational institutions. These contributions are often tax-deductible, allowing you to reduce money wh

generally, contributions to charitable organizations may be deducted approximately 50 per cent of altered gross income computed without having regard to net functioning reduction carrybacks.  Contributions to specific private foundations, veterans organizations, fraternal societies, and cemetery corporations are restricted to 30 p.c adjusted gr