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Reply to "Ways to reduce taxable income? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]max out 401k/403B/IRAs take all the Flex spending plans your work offers charitable donations[/quote] How are charitable donations treated under the new tax laws?[/quote] Standard deductions.[/quote] So, they basically don't count?[/quote] They count the same as they always did. The difference is just that the standard deduction is higher now, so many people won't itemize anymore. But if you do itemize, you can still deduct charitable donations.[/quote]
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