Looking to lower your tax burden this year? Donating to worthy causes can be a fantastic way to give back. Not only will you be improving lives, but you may also qualify for valuable tax deductions. Many charitable organizations are available, so finding one that aligns with your values is easy. Initially, make sure the organization you choose is

yet another way to create a tax break would be to donate an appreciated asset, which include shares of the stock, mutual fund, or Trade-traded fund which includes grown in value over time. The asset needs to be held in a very taxable account that you have owned for a minimum of a calendar year. IRS guidelines don’t Enable you to deduct the value