3 Tax-Friendly Charitable-Giving Strategies for Retirees

Consider these ideas before filing your taxes.

Charitable giving isn’t just for heavy hitters whose names are etched on plaques on the walls of museums and hospitals. It’s also for generous-hearted people of more modest means who want to do their part to make the world a bit better. And I say keep it up. Numerous studies have corroborated the connection between giving and happiness. In a paper titled “Prosocial Spending and Happiness,” for example, researchers found that spending money on others helps elevate people’s sense of happiness and well-being.

Read more here: https://www.morningstar.com/articles/1134715/3-tax-friendly-charitable-giving-strategies-for-retirees