Donations: 5 ways to maximize your tax deduction
There are many tax-planning opportunities with charitable donations that you can take advantage of to give you the largest deduction possible. If you know that you will be in a higher tax bracket next year than you were this year, you may want to wait and take the deduction next year, when it will be greater. Large charitable gifts should also be planned carefully in order to maximize the deduction and minimize your out-of-pocket cost.