Giving Back to the Community

If you're considering giving back to your community by donating, there are a few things you should know. First and foremost, if you can afford it, it's worth giving up to 20% of your adjusted gross income to charity or a 501c3 NGO. And while there are limits on how much one person can deduct from their taxes for charitable contributions, these limits are high-enough that they shouldn't concern most people. What is important is remembering which type of donation qualifies as tax deductible - namely those made directly to qualified charities or through employer matching programs. To get the inside scoop contact a NGO that works with donations every year.