MAXIMIZE YOUR TAX SAVINGS WITH CHARITABLE DONATIONS

Looking to minimize your tax burden this year? Donating to non-profit causes can be a fantastic way to help. Not only will you be improving lives, but you may also receive valuable tax deductions. Many charitable organizations are available, so finding one that supports your values is simple. To begin, make sure the organization you choose is a r

generally, contributions to charitable businesses might be deducted around 50 p.c of modified gross income computed without regard to net operating loss carrybacks.  Contributions to particular non-public foundations, veterans organizations, fraternal societies, and cemetery corporations are limited to 30 p.c modified gross income (computed wit