Donor-advised fund

Tax System

A charitable giving account that allows donors to claim an immediate tax deduction while distributing grants to charities over time. Useful for bunching charitable deductions.

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Unit 03: standard vs itemizing

Tax System

Related Terms

Charitable contribution deduction

An itemized deduction for donations to qualified nonprofit o...

Bunching strategy

A tax planning technique of concentrating deductible expense...

Itemized deduction

Individual deductions that can be claimed instead of the sta...