Giving back to your community can also give you a financial boost. By making charitable contributions, you are eligible for a tax deduction that could materially reduce your overall tax liability. To maximize your tax refund through charitable giving, consider these tips: * Guide Contribute to registered charities to ensure your contribution is ta

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The real key term here is itemized: to have the ability to deduct donations that qualify as deductible underneath the tax code, you might want to record them on timetable A of IRS Form 1040 in place of using the standard deduction. Here's tips on how to evaluate your options and decide on the most beneficial method. Note: This deduction is just no