Give back to your society and potentially boost your tax refund this year by making a gift to a qualified charity. Charitable contributions are often subject to tax benefits, meaning you can lower your overall tax liability. To claim this benefit, it's important to document your donations of all gifts contributed. Consult with a financial advisor
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The federal tax code permits people and organizations for making noncash contributions to qualifying charities and to say deductions for these contributions on their own tax returns. Doug Whiteman is surely an award-successful journalist with three decades of experience masking personal finance, starting off when he was the Washington, D.C.-center