Maximize the give and take of charitable giving

When it comes to charity, many Americans have been able to “give ‘til it hurts” — knowing the pain would be only temporary. Barry Bridges for Bankrate writes taxpayers could write off the donations on their next tax return. However, changes ushered in by the 2017 Tax Cuts and Jobs Act could make the process less comfortable.

While the tax plan will make filing simpler for many taxpayers, those accustomed to deducting their charitable donations may have to make some adjustments. Here’s what you need to know about maximizing your donations in the new federal income tax landscape, as well as finding other ways to contribute.

Read more at Bankrate.

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