Here's a Good Reason to Be Charitable Before the End of the Year
With the holiday season upon us, many Americans are doing more than just adorning their homes with lights and busting their budgets at retailers. Many, in fact, are focused on charitable giving during this time of the year. In fact, 96% percent of U.S. adults have either made, or plan to make, a charitable donation by the time 2017 draws to a close, according to a Bankrate survey. Not only that, but roughly 20% say they'll be giving more to charity this year than they did in 2016.
Of course, giving to charity is a nice thing to do, and that's reason enough to reach into your wallet and direct a few dollars toward those who are less fortunate. But there's another reason it pays to be charitable, especially before 2017 comes to a close: The more you donate, the more you'll lower your tax bill.
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Source: Fool.com
