How to Get a Tax Deduction for Charitable Giving

The American College of Financial Services
February 28, 2020

While many people may be aware that charitable giving is a way to cut down on their tax bill while doing something good, it’s a bit more complicated than they might think--and might not help at all unless they know some of the basics of modern philanthropy.

Steve Parrish, co-director of our Retirement Income Center, is an expert on those rules, and points out factors such as tax itemization, proper documentation, and using donor advised funds that could make or break your charitable contributions this year.

Read more from Parrish in Bankrate this week.