Charitable Giving 101: What You Need to Know About Tax Deductions, Trusts, DAFs, and QCDs

With an array of charitable giving options, it's important to understand how each gift could affect your annual deductions. Here's a quick guide to tax deductions, out-of-pocket deductions, and required substantiation. For the individuals and families looking to go beyond the standard donation, there are a few alternate options with their own tax considerations.