Year-end philanthropic acts can be a meaningful way to support causes you champion, and they can also offer significant tax benefits. By contributing to qualified organizations, you can potentially minimize your taxable income, leading to a bigger refund. It's essential to talk to a tax professional

by utilizing the correct tax organizing methods, charitable contributions can reduce 3 varieties of federal taxes: income, capital gains and estate taxes. in accordance with the IRS, This is how much You need to have manufactured in 2023 being required to file taxes in 2024 and the overall procedur