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Best ways to make charitable donations

Best ways to make charitable donations

If you wish to give to a worthwhile charity, there are several tax-smart ways to do it. These include Qualified Charitable Donations (QCD), donating appreciated assets, concentrating donations in a single year, and Donor-Advised Funds (DAF). Each may be appropriate under certain circumstances, but each has rules that must be followed to get the most tax benefit.

By Larry Derany