There is a brand new tax incentive available for charitable contributions. It’s been affectionately termed the “Triple Play” and is available for gifts of $500 or more made to community foundations in Maryland during 2015.
There's more than one way to collect deductions. "It's better to give than to receive," the old saying goes. Fortunately, charitable giving can also help save on taxes. Here are six ways to maximize your deductions:
One of the most popular income tax deductions is the donation to charity. Everyone seems to know that this is a write off on their tax return and keeps track of every dollar they give away. However, not everyone knows that you can get a double benefit if you give certain types of property.