The Best and Worst Ways for Retirees to Give on Giving Tuesday

Blocks sitting on the keyboard of a laptop spell out Giving Tuesday next to a red wooden heart.

I have attended two charitable galas in the last two weeks. I missed the third because it was double-booked with the second. ’Tis the season.

At both events, I swiped my credit card on the way through the front door. Any donations, whether for auction items or pure donations, would be considered a “cash donation.” While this is certainly the easiest, it is almost never the best from a tax perspective.