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.