'Tis Better to Give than Receive? Why Not Both?

Giving back to those in need is a common practice among Americans. In fact, for tax year 2016 (which were filed in 2017), 36.95 million tax returns included a deduction for charitable giving, averaging about $5,508 among them, according to IRS data. But why do we give? Psychologists generally breakdown the motivation for people give into two categories: altruistic givers and warm-glow givers.

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