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4 Ways Charitable Giving Can Help Reduce Your 2020 Taxes

November 24, 2020

This year in the U.S., we’ve seen truly historic levels of charitable giving in support of communities impacted by the pandemic, social unrest and natural disasters. Still, new research from the Lilly Family School of Philanthropy at Indiana University and funded by Schwab Charitable shows that many nonprofits are struggling with rising demand for their services at the same time funding has declined. Many entrepreneurs and business owners are struggling, too, but for those who have the means, this year’s tax laws and election-year uncertainty may make it wise to be generous now.

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