AMPLIFY YOUR TAX REFUND WITH CHARITABLE GIVING

Giving back to your community can also provide you a financial boost. By making charitable contributions, you are eligible for a tax deduction that may significantly reduce your overall tax liability. To enhance your tax refund through charitable giving, consider these tips: * Contribute to registered charities to ensure your contribution is tax-d

Be aware that a QCD is simply authorized for expected withdrawals from IRAs. "You can't try this that has a 401(k) RMD; you would probably first have to rollover your want to an IRA," Slott says. Editorial Note: We receive a commission from husband or wife inbound links on Forbes Advisor. Commissions don't have an effect on our editors' viewpoints