We have a day for giving thanks. We have two for getting deals. Now, we have #GivingTuesday, a global day dedicated to giving back. On #GivingTuesday, charities and churches around the world will come together for one common purpose: to celebrate generosity and to give.
It is never to early to start thinking about year-end charitable giving.
When you itemize deductions, funds used to make gifts are subtracted from the amount subject to tax. This means the higher your tax bracket, the more you save. Regardless of your income tax bracket, charitable gifts can provide welcome savings at tax time. Additionally, you can feel good about being a thoughtful stewardship of your resources and supporting your parish community.