Year-end philanthropic acts can be a valuable way to aid causes you champion, and they can also offer significant tax perks. By giving to qualified nonprofits, you can potentially reduce your taxable income, leading to a heavier refund. It's essential to consult a tax advisor to determine the best approaches for your circumstances and ensure you ma… Read More

"That can help you lower your taxable income," suggests Ed Slott, a CPA who educates financial advisers on IRA and retirement arranging tactics. It's also possible to claim a charitable deduction, assuming you'll be able to itemize while in the year you donate. A strategy identified as ‘bunching’ will help guarantee some donors don’t pass up… Read More