Pay down the federal debt and get a tax deduction

Don’t you just love it?! Maybe some of those offshore accounts can be applied as a tax deduction before their owners get caught and go to prison for tax evasion…yeah, sure.

JDKatz's avatarThe Joy of Tax Law

Here’s a tip for all you tax payers out there: Donating money to help reduce the federal debt counts as one of the more unusual charitable tax deductions.

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