FIRE | How To Cut Expenses And Still Donate

Saving money doesn’t mean you need to cut back donations

Photo by Kat Yukawa on Unsplash

TLDR —Save your donation money until its value is greater than the standard deduction and then claim the donation amount as an itemized deduction to maximize your tax deduction.

Just because you’re going FIRE (Financially Independent, Retired Early) doesn’t mean you have…