Tag: charity

The Best Property to Give to Charity

Giving to charity is not only personally satisfying, the IRS (and possibly your state) also rewards you with generous tax breaks. Current income tax deduction if you itemize, subject to certain percentage limitations for any one year Tax benefit received reduces the cost of the donation (e.g., a $100...
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Charitable Giving When developing your estate plan, you can do well by doing good. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in estate taxes. A few words about transfer taxes The federal government...
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