How to Use Charitable Donations to Offset Your US Income Taxes

Photographer: Luke Sharrett/Bloomberg

We’re approaching the end of tax season in the US and those with a large bill might be thinking of ways to reduce their income tax liability for next year. One way is donating to charity in a tax-efficient way. While many might struggle to donate at all as the cost of living bites, there are ways to part with some of your income without feeling the pinch too much. But first…

Three things to know: