Strategies for Charitable Giving this Holiday Season
by Tony Drake, CFP®, Investment Advisor Representative, Founder & CEO, Drake & Associates
Nov 25, 2019
3 minutes
The holidays are a popular time of year to give to charity. We are in a good mood, feeling generous and may also be looking for ways to lower our taxable income before the end of the year. However, this incentive only applies if you itemize your deductions.
The Tax Cuts and Jobs Act nearly doubled the standard deduction, and as a result, fewer people are itemizing their taxes. However, there are ways to donate to charity and still
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