News 12 Staff

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Dec 22, 2023, 6:53 AM

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Updated

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The clock is ticking to get in that charitable giving before the tax year comes to an end.

Lingering inflation is causing a two-fold problem: many Americans are struggling to budget for charitable giving while nonprofit organizations are being stretched thin and are in need of donations more than ever.

This time of year, a donation can help put you in the holiday spirit and it’s the last chance to help with your taxes.

Connecticut financial professional Jay Dorso says, "if you have something you are passionate about, an organization, it’s a great way to help them financially but it’s a great way for you to have that tax deduction."

Making the most of your donation is key. News 12’s Alexa Farrell has The Real Deal on how donating is a win during the season of giving.