Hey, Give a Little!
. . . or a lot, if you like. Either way, charitable donations are still a smart idea.
Thinking of making a charitable donation? Giving to charity and receiving a tax deduction for your contribution remains a win-win situation, even though there are more federal restrictions on giving than ever before and federal tax brackets are lower due to recent tax law changes.
In fact, more charitable devices are available now, enabling taxpayers to receive tax deductions that maximize their tax benefits while minimizing their actual cost, says Evelyn M. Capassakis, a partner in PricewaterhouseCoopers' Human Resource Services practice in New York City. While contributing appreciated securities to a charity remains an excellent way to make a donation, there's a host of more creative methods to consider, especially if you have a considerable donation to make.
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