Giving back to your community could also give you a financial boost. By making charitable contributions, you could be eligible for a tax deduction that can substantially reduce your overall tax liability. To optimize your tax refund through charitable giving, research these tips: *

alternatively, a disbursement directly to charity allows the donor to exclude the sum from their taxable income. The benefits (as spelled out within the 4 motives above), can cascade into other regions in their monetary situation. Donations are tax deductible towards the extent allowable