Charitable donations are a great way to support the causes that are important to you, and they can help reduce your taxes owing for 2024. Before making your donations, you may want to consider the best way to do so, as your tax savings may be improved by making gifts of a certain type. Whether you ultimately choose to make a cash donation or a gift of property (known as a “gift-in-kind”), you will still have to make your charitable gifts by December 31, 2024, if you want to claim the donation tax credit on your 2024 tax return.
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