Money: Taxes and Charitable Donations
Tax and finance experts list ways to give to charities and cut your tax bills at the same time, ahead of Giving Tuesday November 28.
Americans gave nearly $500 billion in 2022, most of it ($319 billion) from individuals. That’s a slight decline from the previous year, but still a hefty chunk of money!
So, as we approach the end of another year, it’s a good time to think about taxes, and how to pay less.
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
