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2. Charity Donation Tax Deductions: What You Can and Can’t Claim

   www.aol.com/finance/charity-donation-tax...

   Recent Changes in Tax Laws Affecting Charitable Donations. The Tax Cuts and Jobs Act of 2017 trimmed tax rates and significantly boosted the standard deduction, thus greatly reducing the number of ...

3. How to Maximize Your Philanthropy With Tax Benefits - AOL

   www.aol.com/maximize-philanthropy-tax-benefits...

   This is a process by which your donations count toward your retirement portfolio’s required minimum distribution, allowing a tax-free RMD. And this can save wealthier households significantly on ...

4. 6 tax-efficient giving strategies before 2022 ends - AOL

   www.aol.com/finance/6-tax-efficient-giving...

   In this scenario, your total charitable donations would need to be more than the 2022 thresholds for standard deductions, which are $25,900 for couples filing jointly, $12,950 for single filers or ...

5. Charitable contribution deductions in the United States

   en.wikipedia.org/wiki/Charitable_contribution...

   The particular tax consequences of a donor's charitable contribution depends on the type of contribution that he makes. A taxpayer may contribute services, cash, or property to a charity. There are a number of traps, especially that donations of short-term capital gains are generally not tax deductible.

6. I’m a Financial Advisor — Here Are 6 Tips To Reduce Taxes ...

   www.aol.com/m-financial-advisor-6-tips-123238020...

   As a financial advisor, Virta offered these tips to ensure your donation benefits the charity as much as possible while simultaneously helping to reduce your tax bill. Donate Appreciated ...

7. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   This facilitated amendments to 2011 tax returns to claim a casualty tax deduction. [4] Gambling losses, but only to the extent of gambling income (For example, a person who wins $1,000 in various gambling activities during the tax year and loses $800 in other gambling activities can deduct the $800 in losses, resulting in net gambling income of ...