Gifting and Charitable Contributions
Though many of us were taught about the value of donating to charity at an early age, our parents likely explained it simply a way to be nice to others and offer aid to fellow men and women. But in the current tax code, being generous and charitable isn’t just something friendly; it’s an easy way to lower your tax rate. Simply put, the more you give, the less you have to pay on your taxes – and you may even get some money back. If you get a moral boost out of making donations
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