Giving back to your community may also give you a financial boost. By making charitable contributions, you are eligible for a tax deduction that could substantially reduce your overall tax liability. To optimize your tax refund through charitable giving, consider these tips: * Contribute to registered charities to ensure your contribution is tax-d

Reduced deductibility of state and local tax credits. in the event you produce a payment or transfer property to or for the use of a professional organization and you receive or be expecting to get a point out or neighborhood tax credit or a point out or neighborhood tax deduction in return, your charitable contribution deduction might be diminishe