MAXIMIZE YOUR TAX SAVINGS WITH CHARITABLE DONATIONS

Looking to lower your tax burden this year? Donating to charitable causes can be a great way to contribute. Not only will you be helping others, but you may also qualify for valuable tax breaks. Many charitable organizations are available, so finding one that supports your values is straightforward. Initially, make sure the organization you choos

“The federal government features a five-year lookback for money given away from the date you apply for benefits,” Simasko warns. in case you later commit down your assets to purchase a nursing property and then want support from Medicaid, your donation will postpone your eligibility. The IRS uses honest current market price (FMV) to determine