Giving back to your community may also deliver you a financial boost. By making charitable contributions, you could be eligible for a tax deduction that can significantly reduce your overall tax liability. To maximize your tax refund through charitable giving, research these tips: * Give to registe

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most often, the level of charitable dollars contributions taxpayers can deduct on Schedule A being an itemized deduction is limited to a proportion (usually sixty percent) of your taxpayer’s modified gross income (AGI). skilled contributions will not be subject to this limitation. it is possible to