Giving back to your community may also deliver you a financial boost. By making charitable contributions, you are eligible for a tax deduction that can significantly reduce your overall tax liability. To optimize your tax refund through charitable giving, research these tips: * Give to registered charities to ensure your contribution is tax-deduct

Kristin McKenna How much charitable giving will reduce taxes will depend on what you donate. The tax deductions for charitable supplying will fluctuate for donations of money, stock, or perhaps retirement property.   For contributions of food stuff stock in 2020, business enterprise taxpayers may perhaps deduct certified contributions of nearly 2