Giving back to your community is a noble endeavor. But did you understand that charitable donations can also provide significant tax benefits? By {strategically planning your contributions, you can reduce your taxed and maximize your overall savings.
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1Donations are deductible for donors who itemize when filing their income tax returns. Over-all deductions for donations to general public charities, like donor-advised resources, are generally restricted to 50% of Expert advice adjusted gross income (AGI).
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