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Charity, donor-advised funds, volunteering, gifts to family, and the gift tax. Give more to the causes and people you choose and less to taxes.
Not all volunteering activities are voluntary. Court-mandated community service, often in lieu of financial penalties, is a common component of criminal and civil judgments in many jurisdictions. If you’ve been ordered by a judge to donate so many hours of…
You’ve sized up the benefits of volunteering, looked over your schedule, and decided you have both the time and desire to give back to your community. Now comes the difficult part: finding volunteer opportunities that are right for you. In…
Want to learn what it means to have no good deed go unpunished? Try giving your house to a family member. Why? Because Uncle Sam will try to squeeze every last bit of value out of your generosity. Which means…
When terrible things happen, it’s natural to want to help as quickly as possible. However, if you simply donate to the first charitable organization you find, your money may not achieve this goal. At best, the organization might waste a…
It seems like there’s always at least one thing in my closet I never wear. It could be a pair of jeans I can’t squeeze into anymore, a sweater I got as a gift and never really liked, or a…
The fashion industry is one of the world’s most polluting. A 2016 report commissioned by Savers, a thrift retailer, found that Americans toss an astounding average of 81 pounds of clothing every year. And to make matters worse, apparel can…
Is it time to replace your old electronic device, such as an old computer, cellphone, gaming console, or TV? Rather than tossing it or letting it collect dust in storage, donate it to a worthy cause. Whether or not it’s…
Whether the KonMari method has inspired you to organize and declutter your home or you’re planning to move or downsize, you have to find something to do with all your excess stuff. Instead of tossing them in the trash —…
If you’re spring cleaning or moving, chances are you’ve come across some stuff you don’t need or want. And as long as it’s in good condition, plenty of others can use it — and it beats tossing it in the…
Donating your used car to charity is a convenient way to dispose of an old vehicle while reaping tax benefits. According to New York-based salvage company Cash Auto Salvage, charities recycle nonworking vehicles for their scrap metal and parts, potentially…
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