MAXIMIZE YOUR TAX SAVINGS WITH CHARITABLE DONATIONS

Looking to lower your tax burden this year? Donating to charitable causes can be a great way to help. Not only will you be making a difference, but you may also qualify for valuable tax benefits. Many charitable organizations are out there, so finding one that aligns with your values is easy. To begin, make sure the organization you choose is a r

generally speaking, contributions to charitable organizations could be deducted up to 50 p.c of adjusted gross income computed with no regard to net working loss carrybacks.  Contributions to specific private foundations, veterans corporations, fraternal societies, and cemetery corporations are restricted to thirty % altered gross income (compu