Year-end philanthropic acts can be a meaningful way to aid causes you believe in, and they can also offer significant tax benefits. By contributing to qualified charities, you can potentially reduce your taxable income, leading to a bigger refund. It's essential to speak with a tax expert to figure out the best approaches for your position and ensu

"That can assist you minimize your taxable income," claims Ed Slott, a CPA who educates fiscal advisers on IRA and retirement arranging approaches. You may also declare a charitable deduction, assuming you'll be able to itemize while in the calendar year you donate. watch all investmentsStocksFundsBondsReal estate and choice investmentsCryptocurre