Giving back to the less fortunate is a rewarding experience. But, strategic charitable donations can provide significant tax advantages. By understanding the rules surrounding charitable deductions, you can amplify your tax savings while supporting causes close to your heart. Consider working with a CPA to develop a plan that aligns both your phila
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While your donation might be utilized for a good induce, that doesn't necessarily mean that you can deduct it. Only contributions to certain charitable corporations are deductible. Tina Orem is definitely an editor at NerdWallet. Prior to getting an editor, she covered smaller business and taxes at NerdWallet. She has long been a fiscal writer and