156. Getting a tax break for your donations this year
Did you know that the US has offered tax breaks for charitable donations since income tax rates were increased to fund World War I?
What does the IRS recommend to ensure that your donations qualify you for tax breaks? And is all of that effort even worth it?
Tune in this week to find out more…
Links from today’s episode:
Tax deductions for charitable donations | Deloitte
https://www2.deloitte.com/ua/en/pages/press-room/press-release/2024/tax-discount-for-charitable-expenses.html
A History of the Tax-Exempt Sector| IRS
https://www.irs.gov/pub/irs-soi/tehistory.pdf
ICYMI another episode you might enjoy:
Episode#120 Where to find a financial advisor to help you invest according to your values
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