Why 2021 Was a Good Year for Charitable Donations
In light of the needs generated by the ongoing coronavirus pandemic and the increased demand for charitable organizations, along with the reduced availability of tax deductions after this year, 2021 is considered a good year for donating.
Reasons to Make Year-End Charitable Donations
There are good reasons to make donations at year-end, ranging from financial benefits to personal satisfaction.
Best Ways to Donate for Tax Purposes
The best way to donate depends on what you are trying to achieve, whether it’s a quick gift or a bigger tax deduction for your 2021 personal tax return.
Conclusion
Donating is a good idea for several reasons, especially in 2021. In addition to effectively spreading wealth, you can improve your personal circumstances and sense of well-being by taking advantage of specific tax deductions and decluttering your space. It’s a generous way to start the new year on the right financial foot.
Source: https://www.thebalancemoney.com/why-make-year-end-charitable-donations-5093075
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