Making a charitable donation reduces your tax burden for the year while is not making a difference. The tax benefit is a persuasive motive for giving to charity, without the tax benefit it is highly likely that donors will decrease their contributions to charity.
Tax law set rules for receiving a tax deduction for charitable gifts. Thus, it is imperative that the rules are followed in order to make your Donation work for you.
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Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.