Giving back to your community may also deliver you a financial boost. By making charitable contributions, you are eligible for a tax deduction that may materially reduce your overall tax liability. To optimize your tax refund through charitable giving, consider these tips: * Donate to registered charities to ensure your contribution is tax-deducti
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A 30% AGI ceiling also applies to non-dollars items of cash achieve assets held to get a year or extended. typically, deductible contributions that exceed a year’s AGI ceiling, is usually carried ahead for the next 5 years, subject matter to applicable AGI limits inside the year claimed. governing administration or any local authority, being uti