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 [...]