Here’s How to Get a Tax Deduction for Charitable Giving

The American College of Financial Services
November 17, 2020

Many older Americans look to give back through philanthropy in their retirement years, both out of a desire to help causes and communities dear to them and to potentially cut down on their tax bills. But under current tax law, itemizing taxes to take advantage of charitable giving may be getting more difficult.

Steve Parrish, co-director of The College’s Retirement Income Center, says there’s a number of things to consider for those looking to reduce their taxes with philanthropy. Read what he recommends in this piece from Bankrate.

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