If you enjoy donating to charities that you support while also receiving tax benefits, a Donor Advised Fund may be a great option for you! In this post, we will explain what exactly a Donor Advised Fund is, and some of the tax benefits for Donor Advised Funds. What Is...
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People often think about charitable giving towards the end of the year, but it might actually be better to start your planning now! The way in which you choose to give can have a big impact on the charity and your taxes. If you are currently taking or will be required to take IRA distributions, read on.
Those who give shall receive tax deductions. There are a few different ways of donating to charity and receiving a benefit, even if you do not itemize your deductions. In this article, we will discuss how this is possible.
As we head towards the end of 2018, tax planning is a topic of increasing importance to many people. One question that comes up particularly often, especially in this time of changing tax laws, is “How can I lower the amount of taxes I owe?” If you’ve been taking required minimum distributions (RMDs) from an IRA, a qualified charitable distribution (QCD) may be just the thing for you.
With the holiday season and year end approaching, charitable giving is definitely on our radar. But how can we help charitable causes in a tax-smart way? Setting up a Donor Advised Fund or a Charitable Remainder Trust can be just the thing to help you gift wisely this year.
There is no wrong way to give. However, applying tax saving strategies can save you money on your charitable dollars. The new tax code will force many more people to take the standard deduction (90% vs. 70%). Those who are used to itemizing might now think there is no longer a tax incentive for charitable giving. We want you to know there are still ways to reduce your taxes by giving to the charities you care about.
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