Every time you give to the charity of your choice it may also create a tax benefit for you. The money, the items and the real property that you have donated to non-profit institutions throughout the tax year may be tax deductible which means that they could end up being the difference between a good tax return and a great tax return. Depending upon the kind of donation and the type of charity or foundation that you chose to donate to, the tax deduction it creates could be very helpful to you for reducing the amount taxes that you owe. Many successful and wealthy people state that at least to a certain degree, a part of whom they are and what they have become comes at least in part from the practice of giving. Contributing to charities can be a very convenient way to reduce your taxes.