Charitable donations are more than just a great way to support the charity or cause of your choice, they can also provide valuable year-end tax benefits. Recent tax law updates made claiming deductions on charitable donations more difficult, but not impossible — as long as you take a strategic approach to your charitable giving. 

2020 is quickly coming to a close, as is your window to capture tax benefits from charitable donations. This article from Barron’s offers four valuable tips for maximizing your giving while potentially reducing your tax burden.

Click here to read

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.