Givers gain—charity and your taxes
November 1, 2017
With tax season quickly approaching, could you use a break on your federal income tax return? The holidays are a common time to give, but you may think that giving is just not in your budget this year. Fortunately, charitable giving provides a myriad of benefits, not the least of which may be a deduction on your federal income tax return.
In order to reap the most benefit from charitable giving, you must first choose an appropriate charity to benefit from your generosity. There are thousands of charities working within a huge variety of causes from which to choose. Perhaps preventing abuse of children or animals is a cause near and dear to your heart, or maybe your concerns center more on saving the environment or bringing awareness and funding research with respect to major illnesses that affect our population. Whatever the cause, you can be certain that there is a charity working to bring positive change in that area. Of course, the causes touched upon here are just a few examples of where your donation can make a difference.
You may read more at the link below.
by: Gina M. Barry
Prime
November 2017
