MAXIMIZE YOUR TAX REFUND WITH CHARITABLE GIVING

Giving back to your community could also deliver you a financial boost. By making charitable contributions, you might eligible for a tax deduction that may substantially reduce your overall tax liability. To enhance your tax refund through charitable giving, explore these tips: * Give to registered charities to ensure your contribution is eligible

previous to the passage of The brand new legislation through the pandemic, the most allowable deduction was restricted to ten% of a corporation's taxable income. The law now permits C corporations to use an Increased Corporate Limit of twenty five% of taxable income for charitable contributions of cash they may have produced to qualified charities