MAXIMIZE YOUR TAX REFUND WITH CHARITABLE DONATIONS

Year-end giving can be a valuable way to aid causes you champion, and they can also offer significant tax perks. By giving to qualified charities, you can potentially reduce your taxable income, leading to a heavier Best practices payment. It's essential to consult a tax expert to determine the best strategies for your position and ensure you maxim

Charitable remainder trusts are irrevocable trusts that allow you to donate belongings to charity and draw once-a-year income for all times or for a specific time period. A strategy identified as ‘bunching’ will help ensure some donors don’t miss out with a meaningful tax deduction for his or her charitable endeavors. Bunching, or clumping,