2024 Tax Rules And Tips For Easier, Cost-Effective Charitable Giving [Forbes]
New York Times Company (The) (NYT)
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Source: Forbes
Rafi, 3, holds a box of winter clothing that his family received from a distribution at Kawergosk Syrian Refugee Camp in Erbil Governorate, Kurdistan, Iraq. © UNICEF/UN042749/Khuzaie Tax planning may be far from your mind as the holiday season kicks off with family gatherings and festive celebrations and work events. But if you plan to deduct donations on your 2024 tax return, these must be made by Dec. 31, 2024, and now is the time to take stock. Have you already completed your charitable giving for the year? Or have you held off to take advantage of year-end matches? Maybe you've met your charitable goals but have room in your budget to give a bit more. No matter where you are, there's still time left to give and many worthy causes and people needing support. With some careful planning now, you can maximize the impact of your charitable giving for others and yourself. Deciding which charities to support is the first step. With so many to choose from, that's no easy task.
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