Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly doubled by the Tax Cuts …
Liz Weston: Make the most of the new charitable giving rules Read More »
Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly doubled by the Tax Cuts …
Liz Weston: Make the most of the new charitable giving rules Read More »
At LIZ WESTON or NerdWallet Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly …
Liz Weston: Make the most of the new charitable giving rules Read More »
In 2016, Jamie Clark from Seattle was a software engineer who planned to take a year off to complete a master’s degree in computational linguistics. One year turned into three and a career change into financial planning. These days, Clark, whose pronouns are they/them, thinks the experience makes them better advisers, especially since their career …
Liz Weston: How to Manage Finances Before, During Career Break Read More »
