Giving back to those in need is a rewarding experience. But, strategic charitable donations can provide significant tax advantages. By understanding the regulations surrounding charitable deductions, you can optimize your tax savings while supporting causes close to your heart. Consider working with Latest updates a CPA to develop a plan that suits

"That can assist you reduce your taxable income," suggests Ed Slott, a CPA who educates money advisers on IRA and retirement scheduling techniques. You can even assert a charitable deduction, assuming you'll be able to itemize from the year you donate. It’s that time of 12 months when taxpayers are thinking of how they would like to give back, a