Giving back to your community can also deliver you a financial boost. By making charitable contributions, you might eligible for a tax deduction that can substantially reduce your overall tax liability. To enhance your tax refund through charitable giving, consider these tips: * Contribute to registered charities to ensure your contribution is tax
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For those who have experienced a significant-income calendar year, it is highly recommended to take full advantage of charitable contributions. Donating to DAFs will help you reduced your taxable income. When using a DAF, your contributions might be re-invested, which will allow you to get paid tax-free money and have much more money for charity.