5 ways to make a difference in your charitable tax deduction
Every contribution to a qualified charitable organization generates a potential tax deduction for the donor if the documentation, appraisal and reporting requirements under the tax code and regulations are met. However, the value of the tax deduction may vary depending on the type of property donated, the applicable deduction limits and the donor’s tax circumstances for the year in which the charitable contribution is made. Here are 5 tips for charitable giving that can make a difference in the extent of the tax deduction available for a contribution to charity.
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