If you are planning to make year-end charitable donations, it is a good idea to learn how to get the best tax breaks. 

A Bank of America study found that nearly 90% of the wealthiest families made donations to charities in 2020. philanthropy studyAverage household presents of $43,000 are up from $29,000 in 2017

Although write-offs may not be the main motivation to give, investors love to lower their tax bills.