Under the New Tax Laws for 2019 Is Charity Still Worth It?

While many people choose to give to charity to support their communities, the ability to benefit financially made giving more attractive. Taxpayers could itemize their deductions and claim their charitable contributions, giving them the ability to lower their tax burden. However, with the new 2019 tax laws, fewer people are going to benefit from itemizing, decreasing the odds that they will receive a deduction for giving to charity. Changes to the Tax Law When you file your taxes, you typically Read more [...]

Be Thankful: Give to Charity

As the end of the year steadily approaches, it's a good time to consider donating to charity. Make enough of thse contributions and you reach the minimum required to claim a deduction on your tax return.  Here are 10 great nonprofits that would appreciate your money or any kind of gift in kind, like toys and food. Books for Africa This organization is dedicated to collecting, sorting, and shipping books to underprivileged areas in Africa. Boys and Girls Club Kids in poverty-stricken communities Read more [...]