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Tax Tip: How to Donate Stock to Charity


Every year, millions of Americans donate to worthy charities. Not only can the money do good for the community, but donors are often entitled to valuable tax breaks in exchange for their charitable gifts.

Many people simply write checks to their favorite causes. But if you own shares of companies that have risen in value over the years, then donating stock to charity can be an even smarter way to give.

Image source: Getty Images.

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Source Fool.com


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