ENHANCE YOUR TAX REFUND WITH CHARITABLE DONATIONS

Year-end philanthropic acts can be a rewarding way to aid causes you champion, and they can also offer significant tax advantages. By contributing to qualified charities, you can potentially minimize your taxable income, leading to a bigger payment. It's essential to consult a tax expert to determine the best methods for your situation and ensure y

"That can help you minimize your taxable income," suggests Ed Slott, a CPA who educates money advisers on IRA and retirement planning approaches. It's also possible to declare a charitable deduction, assuming you are able to itemize while in the 12 months you donate. It’s that time of year when taxpayers are considering how they would like to gi