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Here are some charitableholiday-givingstrategies for maximum tax benefits in 2025.
What Is a Charitable Contribution?
There are lots of ways to support important causes or people in your community and around the world.
Stein recommends not waiting until the end of the month to make a charitable contribution.
But before you give, consult an expert.
you’re able to also support multiple organizations and make gifts to nonprofits whenever you like.
QCDs also satisfyrequired minimum distribution(RMD) requirements and are taxed at ordinary income tax rates.
According to Kruger, by using them for charitable giving purposes, you could reduce or eliminate your RMDs.
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