How to donate to a worthy cause and benefit from it.
Nothing is more rewarding than making a donation to a worthy cause – except, perhaps, donating to a worthy cause and getting a tax deduction for it.
While most donations stem from a desire to make a positive impact, there’s no denying that tax deductions are a big incentive.
According to the 2018 Giving USA report, Americans gave a total of $410 billion to charity, equivalent to 2% of the U.S. gross domestic product (GDP). The majority of that giving, came from individuals – not surprising since 88% of households give to charity