Since it began in 2012, Giving Tuesday, the Tuesday after Thanksgiving, has become more and more popular. A recent survey suggests that 62% of Americans plan to participate this year. The main purpose behind Giving Tuesday is of course to provide financial support to non-profits. However, tax benefits can also accrue to donors. This is especially true for donor taxpayers who itemize their deductions. Taxpayer’s whose deductions exceed the standard deduction and otherwise qualify benefit by...
By: Bowditch & Dewey
By: Bowditch & Dewey