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2. How Charitable Donations Really Affect Your Tax Return ... - AOL

   www.aol.com/charitable-donations-really-affect...

   The 2023 standard deduction is $13,850 for single filers, $27,700 for joint filers or $20,800 for heads of household. People 65 or older may be eligible for a higher standard deduction amount.

3. How to Maximize Tax Benefits From College Donations

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   August 24, 2024 at 10:00 AM. Philanthropic giving to colleges and universities in the United States is a big business. After all, college donations totaled $58 billion in the 2023 fiscal year, per ...

4. Taxes 2023: Here are the biggest tax changes this year - AOL

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   In 2020 the CARES Act allowed single filers and married couples filing jointly to deduct up to $300 in charitable donations without having to itemize their return. Married filing separately ...

5. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   A taxpayer can only deduct the amount of miscellaneous itemized deductions that exceed 2% of their adjusted gross income. [6] For example, if a taxpayer has adjusted gross income of $50,000 with $4,000 in miscellaneous itemized deductions, the taxpayer can only deduct $3,000, since the first $1,000 is below the 2% floor.

6. Charitable contribution deductions in the United States

   en.wikipedia.org/wiki/Charitable_contribution...

   Contributions to charitable organizations are deductible to the donor, unless the donee organization uses any of its net earnings to benefit a private shareholder, or if it attempts to in any way influence political campaigns or legislation. A contribution to a charitable organization need not be fully a "gift" in the statutory sense of the ...

7. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

   www.aol.com/finance/10-tax-deductions-know-2023...

   8. Charitable Contributions. If you itemize deductions, you can subtract cash and noncash contributions to 503(c)(3) organizations. Noncash contributions include real estate, vehicles and other ...

8. 4 Charitable Deduction Options To Reduce Your Tax Bill ... - AOL

   www.aol.com/4-charitable-deduction-options...

   If using charitable deductions is one of the strategies you're planning to use to reduce your 2022 tax liability, you're running out of time to max out your contributions. Additionally, there are...

9. Three End-of-Year Tax Moves That Aren’t Worth the Effort - AOL

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   Matthew Stratman of United Tax said the charitable deduction is only relevant when itemizing deductible expenses rather than taking the standard deduction. For the 2023 tax year, individuals ...