Tax benefits of giving

Giving to charity may seem like a lot of work, but it is rewarding on many levels. With the end of the year approaching, you can take advantage of these tax benefits to help your favorite non-profit organization while also supporting yourself and your family with a deduction come tax time. A contribution made in cash or check is deductible in the year it is paid because there are no expenses involved when making that type of donation. If you donate on your credit card, the contribution will be considered as having been paid in the same year for purposes so filing taxes - even if payment to the credit card company isn't made until later in the year or next year.