Charitable giving is a wonderful way to make a difference in the world, but it can also be a smart financial move. By carefully planning your donations, you can significantly/greatly/substantially reduce your tax burden while still making a positive/impactful/meaningful contribution. First by consulting with a qualified tax professional. Latest upd

You can't “double dip” with QCDs, on the other hand: the quantity excluded from income like a QCD can not be claimed as an itemized deduction. before you decide to donate to a charity you discovered about on the internet or by means of mailings or cellular phone phone calls, you may drop by IRS.gov to ensure the charity is reputable. It’s sa