Year-end philanthropic acts can be a rewarding way to assist causes you care, and they can also offer significant tax benefits. By giving to qualified charities, you can potentially minimize your taxable income, leading to a bigger refund. It's essential to consult a tax advisor to determine the best approaches for your situation and ensure you uti

search on the IRS first to make sure you get accurate solutions to all your concerns, such as the charitable tax deduction.  Observe: This deduction is not readily available if someone taxpayer opts to pay for taxes beneath the new tax regime (115BAC). Your donation is counted as part of the RMD. But as the money won't go for you, it's actually