AMPLIFY YOUR TAX REFUND WITH CHARITABLE GIVING

Giving back to your community can also deliver you a financial boost. By making charitable contributions, you could be eligible for a tax deduction that can significantly reduce your overall tax liability. To optimize your tax refund through charitable giving, explore these tips: * Give to registered charities to ensure your contribution is eligib

Be aware that a QCD is only permitted for expected withdrawals from IRAs. "You cannot make this happen by using a 401(k) RMD; you would probably initially need to rollover your intend to an IRA," Slott claims. A domestic fraternal society, running beneath the lodge system, but only if the contribution is for use completely for charitable purposes;