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Home » News » Consumer

Do well by doing good: tax-deductible contributions Premium Content

Real Estate Tax Talk

By Stephen Fishman, Friday, October 28, 2011.

Inman News®

<a href="http://www.shutterstock.com/gallery-308029p1.html" target=blank>irin-k</a>/<a href="http://www.shutterstock.com" target=blank>Shutterstock</a>irin-k/Shutterstock

2012 is not that far away -- we're already well into the last quarter of the year. Now is a good time to think about lowering your 2011 income-tax liability. There are many steps you can take to do this, but most must be taken before the end of the year.

If you itemize your deductions on your tax return, an excellent way to reduce your taxes is to make charitable contributions. The tax law is designed to encourage you to do so.

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Copyright 2011 Inman News

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.

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