LH
Lee Huffman
Lee Huffman is a former financial planner and corporate finance manager who now writes about early retirement, credit cards, travel, insurance, and other personal finance topics. He enjoys showing people how to travel more, spend less, and live better.
articles from Lee
11 posts
9 Tips on Deducting Charitable Contributions
Published 04/01/2013 by Lee Huffman
The Tax Cuts and Jobs Act of 2017 changed the way that taxpayers file their taxes. By raising standard deductions and setting limits on deductions for state and local taxes, the Act demotivates itemizing deductions. This means that most taxpayers will lose the tax benefits of charitable contributions. However, if you donate enough, it is possible that your charitable donations will save you more money than the standard tax deduction.