
Tax tips for year-end charitable giving
As Thanksgiving and Christmas draw near, many people think about making charitable donations – for both altruistic and tax reasons. For people who don’t take the standard deduction on the 10-40 form but itemize instead, items like donations to charities can help reduce the amount of money you owe to the government. So, if you’re looking to shave a little off the amount of tax the IRS will collect, there are a few important things to keep in mind. Make a qualified gift. Make sure the organization you’re giving to