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.
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