14 Tips For Making Your Charitable Gift Tax-Deductible In 2018

Photo credit: Getty A tax deduction for charitable giving isn’t guaranteed just because you’re feeling generous. As with everything in tax law, it’s important to follow the rules, and with tax reform, those rules are changing. Click here for full coverage of America’s Top Charities. Here are 14 tips for making your charitable donation count: 1. Itemize. To claim a charitable deduction on your tax return, you must itemize your deductions. For 2018, you report itemized deductions on Schedule A on your federal form 1040 using lines 11-14: Sched A (You can find out more about changes to Schedule A here.) 2. Bundle. With the doubling of the standard deduction (you can see the 2018 tax rates and other tax changes here), there’s a reduced incentive to itemize. Since you must itemize to claim a charitable deduction, some taxpayers won’t benefit by giving to charity in one year, but exercising a little creativity can carry you a long way:…

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