Giving back to your community can also provide you a financial boost. By making charitable contributions, you could be eligible for a tax deduction that can substantially reduce your overall tax liability. To maximize your tax refund through charitable giving, explore these tips: * Contribute to re

bear in mind that a QCD is just authorized for essential withdrawals from IRAs. "You can't do that with a 401(k) RMD; you'll 1st should rollover your plan to explore the tax benefits of donating money an IRA," Slott says. Thankfully, you will discover other charitable providing tactics to take into