This is a good thought—we definitely should try to use donations to reduce taxes—but as John points out, you can deduct more if you make your deductions in a higher tax bracket. If you don’t have a lot of itemized deductions, you should probably donate every two years.
This is a good thought—we definitely should try to use donations to reduce taxes—but as John points out, you can deduct more if you make your deductions in a higher tax bracket. If you don’t have a lot of itemized deductions, you should probably donate every two years.