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Tips to determine how much you can donate
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Giving to charity is a personal decision, and there’s no one-size-fits-all approach. Donors should choose an amount that feels right for them.

People donate to charitable organizations for a variety of reasons. Some feel compelled to support nonprofits that help research cures for diseases they or their loved ones have confronted. Pet lovers may be interested in helping care for animals. Some people may donate to charities to support specific efforts while simultaneously lowering their tax obligations.

When it comes to charitable giving, people must determine what they plan to contribute. Figuring out how much to give a charity or charities can depend on several factors, including one’s financial situation, values and priorities. Here are some tips to consider when making donation decisions.

Consider your financial situation. Before giving to others, it is important to first assess your own financial situation and prioritize your needs. Consider your income, expenses and savings and see if there are any funds you can donate to charity. You can start small by setting aside even $10 or $20 a week for charity.

Aim for a giving standard. According to the organization Giving What We Can, 10 percent is low enough that it is accessible to those who have means, and it is high enough that it feels meaningful to most people. However, you also can choose a lesser or higher percentage.

Give based on charitable deductions. According to Daffy Charitable Fund, charitable donations are a generous income tax deduction strategy. In the United States, taxpayers can deduct up to 30 to 60 percent of adjusted gross income through charitable donations.

Review giving plans regularly. It is important to reassess charitable giving plans from time to time, particularly as life circumstances change. Your capacity to give might evolve over time.

Consider non-monetary contributions. If you want to give but finances do not allow for it right now, you can donate time or skills, which can be just as important as money for some organizations.