While your primary motivation to donate to charity in time, money, or goods may be because of the deep sense of satisfaction you receive, you should know that great tax benefits exist for those who give. Here are some of the benefits you should know about.
1. A gift to a qualified charitable organization may entitle you to a charitable contribution deduction against your income tax if you itemize
2. A contribution to a qualified charity is deductible in the year in which it is paid.
3. There are limits to how much you can deduct, but they
4. Rules exist for non-cash
1. A gift to a qualified charitable organization may entitle you to a charitable contribution deduction against your income tax if you itemize
2. A contribution to a qualified charity is deductible in the year in which it is paid.
3. There are limits to how much you can deduct, but they
4. Rules exist for non-cash
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