Make Doing Good Feel Even Better
Smart Solutions • October 2014
It's no secret that December is the most popular month for individual charitable donations — a whopping 40 percent of people make sure to contribute before the end of the year.1
Not only is giving to a worthy cause personally satisfying, it can help offset your tax load too.* With the giving season starting soon, here are some ways to get your ducks in a row before tax time rolls around.
As you enter the holiday season, be sure to keep these tax deduction tips in mind to make every donation count! And if you have any questions, please contact your tax advisor or your local Commerce Brokerage Services Financial Advisors.
Interested in learning more?
- * Always consult with your tax advisor for complete details.
- "Four Steps to Maximize Your Charitable Giving Tax Break," Ashlea Ebeling, Forbes , accessed on August 18, 2014
- Additional source: "The Cynic’s Guide to Year-End Holiday Donations," Ken Stern, Slate, accessed August 18, 2014
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