How donating money for tax purposes can Save You Time, Stress, and Money.
"That will let you lower your taxable income," suggests Ed Slott, a CPA who educates monetary advisers on IRA and retirement preparing procedures. You can even assert a charitable deduction, assuming you are able to itemize from the yr you donate. as a way to assert the deductions, you might want to itemize deductions in your taxes as opposed to s