Charitable giving is one of the most popular (and fulfilling) ways to save on your taxes. Not only does it make you feel good to help others, but end-of-year charity donations can also help you save on your taxes if you do it correctly. To help you with your giving efforts, the IRS offers several tips and reminders about charitable contributions.
As you assess your charitable giving options, we leave you with another tax tip: do not forget to pay your taxes on time. Your charitable contributions will not help your bottom line if you end up giving all of your tax savings back to the IRS through fees and penalties.
How to calculate Tax Brackets.
Originally Posted at: https://www.moneytips.com/irs-tips-for-charitable-deductions
Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact firstname.lastname@example.org
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.