Let’s assume you find yourself in a position where you no longer itemize your tax deductions on Schedule A of Form 1040 but you wish to make donations to your favorite charities. You are philanthropically minded so you continue to make your charitable contributions, but wish you could receive a tax deduction for your contributions.
If you are a retiree you can have your cake and eat it too! Here’s how . . . [Read more…] about Why You Need to Stop Making Charitable Contributions