6 Ways to Make the Most of Your Charitable Giving
Giving offers great personal and financial benefits, but you have to go about it the right way. Ideas on maximizing your contributions while minimizing your taxes.
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I think many people who have been blessed financially want to give, but they often don’t know how to go about it. And they’re right to be cautious: Some ways are certainly better than others.
With the stress of the holidays behind us, it’s actually a great time to put a gifting plan into action. Don’t rush into it, because it’s easy to make mistakes, and your best intentions can have unfortunate tax – and personal – consequences.
A qualified tax professional can advise you on the best methods for your situation. Here are a few strategies to consider when gifting:
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