Do I Get a Tax Break If I Donate My Stimulus Check?
To combat the economic crisis caused by the coronavirus pandemic, the IRS and Treasury Department have sent out two rounds of stimulus checks to support millions of Americans. However, not everyone receiving a stimulus check needs it. While many people deposit their check into their savings account or indulge in a shopping spree or night out, others may choose to donate theirs to those in need. If you’ve received a stimulus check but don’t need it, donating the money is a great way to give back — and you can get a tax break if done properly. Here’s what you need...
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