Giving back to your community could 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, explore these tips: * Donate to registered charities to ensure your contribution is eligibl

A 30% AGI ceiling also relates to non-funds presents of cash get house held for a calendar year or extended. commonly, deductible contributions that exceed a year’s AGI ceiling, might be carried forward for another 5 years, subject to applicable AGI limitations during the 12 months claimed. David Kindness is a Qualified general public Accountant