The new tax law makes it harder to claim a tax deduction for charitable contributions. While charitable giving should not be only about getting a tax break, if you want to reap a tax benefit from your contributions, there are a couple of options. The standard deduction is raised from $12,000 to $24, 000 and will make itemizing charitable contributions for the majority of people unnecessary if those, along with all your other itemized deductions, are less than $24,000. If you are beyond this bracket, there are some other options for you…
New Tax Law and Updated Charitable Contributions
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