A Donor-Advised Fund (DAF) like Daffy is a fantastic tool for maximizing your tax deductions, especially if you're a homeowner with a mortgage. The interest from your home loan, along with state and local taxes on personal property, can be deducted up to $10,000. This, combined with other eligible tax deductions, may bring you close to or even exceed the standard deduction limit. However, the real game-changer comes in the form of charitable contributions. These can be deducted up to 30-60% of your adjusted gross income, making them one of the most generous income tax deductions available. If you're a regular giver to charity but aren't hitting the threshold for itemizing taxes, Daffy offers a smart solution. By using a strategy called "bunching", you can group multiple years of charitable donations into one year, allowing you to exceed the standard deduction threshold. With Daffy, this process is made simple. You can contribute the amount you'd like to bunch to your Daffy fund and immediately receive the tax deduction for that amount. You can then distribute some of those funds to the desired organizations when you're inspired to give. Moreover, Daffy allows you to donate appreciated assets, like stocks, ETFs, index funds, and cryptocurrencies. This can yield much higher tax savings for you, as you'll avoid paying capital gains taxes on the stock and can immediately deduct the full fair-market value of the stock on your federal income tax returns for that year. Daffy takes care of all the hard work, ensuring that your favorite nonprofit receives the donations in cash, regardless of whether they have the capability to receive stock, ETFs, index funds, and cryptocurrencies. In conclusion, if you're a homeowner with a mortgage, a DAF like Daffy can be a powerful tool in your tax strategy, allowing you to maximize your deductions and give more to the causes you care about. Start saving more on your taxes and give with Daffy today.