I’m an American sick of being taxed by the dysfunctional US federal government and am looking for ways to reduce the amount paid as well as increase my contribution to society. I’m not looking to reduce state taxes.
How can I find out the amount I can donate to charities each year such that it reduces my federal taxes as much as possible for my income level?
Yeah, 100%. But, AFAIK, that’s how “art” works. Though you definitely want to make sure the appraiser is legitimate; can’t just have another buddy say it’s worth $12 million and write it off as such.