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Not really, because you get none of the money back. However, you can take the charitable tax deduction this year, instead of future years when you plan on givi
by rhc2104 11y ago
Not really, because you get none of the money back.
However, you can take the charitable tax deduction this year, instead of future years when you plan on giving money to charity. Also, the capital gains/dividends/interest that the DAF earns isn't taxed, so if you plan on giving to charities in the future, this is one way of increasing that amount.