25 Days of Giving: Quick Rule-of-Thumb on Charitable Deduction Limits

If you choose to itemize your taxes, charitable contributions can reduce your tax bill. Generally you would choose to itemize when the combined total of your anticipated deductions (like charitable gifts) add up to more than the standard deduction. For 2019¬†taxes the standard deductions are: $12,200 for single individuals $12,200 for married, filing separately $24,400 … Continue reading 25 Days of Giving: Quick Rule-of-Thumb on Charitable Deduction Limits