2. Utilize Charity Tax Deductions For Retirement
There are many reasons to give to charity such as the feeling of fulfillment and joy. It comes from making a sacrifice that you know will help others live a better life. Another good reason to give to charity is getting a tax deduction as a side dish to that good cheer (via GOBankingRates). Making charitable donations in retirement can be a powerful way of offsetting taxes while also helping you maintain connections that make life meaningful. You can also donate your time, but you probably won’t get a tax deduction for it (via GOBankingRates).
