GOLDEN VALLEY, Minn. — Donating money to your community is the gift that keeps on giving - for others and for you!

If you donate correctly, you can receive tax breaks and financial incentives. Steve Heimermann, Executive VP of Wealth Management at MidWestOne Financial Group, visited KARE 11 News at Noon on Wednesday to share more.

President Donald Trump's "big beautiful bill" raised the limit on the federal deduction for state and local taxes, known as SALT, which impacts charitable tax incentives.

Heimermann shared more on these impacts and how tools like donor-advised funds can add to your giving power as well.

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