Crowl, Cameron & Associates, PLLC’s Post

"Give Back and Get Back - Charitable Contributions Tax Guide!" When donating to charity, ensure the organization is qualified by the IRS to make your contributions tax-deductible. Always obtain a receipt for your donation, detailing the date, amount, and organization. For non-cash donations, keep a list of the items and their condition. Remember, itemized deductions for charitable contributions can only be claimed if you don't take the standard deduction, so it's important to calculate which method saves you more on taxes. FOLLOW US FOR MORE @xperttaxservice VISIT OUR WEBSITE www.xperttaxservice.com #CharitableContributions #TaxGuide #IRS #TaxDeductible #TaxSavings #XpertTaxService

Discover the power of purposeful giving! 💡 Not only can charitable donations make a difference, but they can also offer tax-saving opportunities. Learn how to maximize your contributions and give with purpose. #NewGlarus #CharitableGiving #TaxPlanning

Are you making charitable donations this year? Consider a “bunching” strategy. To take advantage of this strategy, you contribute multiple years’ worth of your charitable giving in one year to surpass the itemization deduction threshold. In off-years, you could take the standard deduction. This approach can result in significant tax savings. #charitabledonations #charitablegiving #standarddeduction #financialstrategy #taxsavings #donations

With the holidays right around the corner, people start thinking about charitable giving before the end of the year. Do you know what to consider when it comes to your donations? Click on the link in the comments to maximize the impact of your charitable contributions. #CharitableGiving #HelpMeRetirePod #YourWayToTrueWealth #TrueWealth

"Give Back and Get Back - Charitable Contributions Tax Guide!" When donating to charity, ensure the organization is qualified by the IRS to make your contributions tax-deductible. Always obtain a receipt for your donation, detailing the date, amount, and organization. For non-cash donations, keep a list of the items and their condition. Remember, itemized deductions for charitable contributions can only be claimed if you don't take the standard deduction, so it's important to calculate which method saves you more on taxes. FOLLOW US FOR MORE Xpert Tax Service LLC VISIT OUR WEBSITE www.xperttaxservice.com #TaxGuide #IRSQualified #XpertTaxService #NonCashDonations #TaxDeductible

Many investors have seen significant gains this year, making it a great time to revisit charitable giving. By donating appreciated securities directly to a charity, you can avoid capital gains taxes and potentially earn a tax deduction. This strategy is just one of many covered in our recent Charitable Webinar. Families Together is here to help with your charitable planning—contact us if you'd like to discuss how to make the most of your gift. Check out the full webinar here! https://buff.ly/4fxzoB8 #TogetherFT #EveryFamilyDeservesAHome #FamiliesTogether

As the year draws to a close, optimizing your charitable donations can provide significant tax benefits while supporting causes you care about. Explore strategies such as donating appreciated assets and utilizing donor-advised funds in our detailed guide. #CharitableGiving #TaxPlanning #YearEndStrategy https://bit.ly/3XArJez

Although DAFs have been around since the 1930s, they’ve recently taken off in popularity. So what's a DAF? A DAF is a tax-advantaged financial account specifically designed for charitable giving. Think of it as a "401K for giving," allowing your donations to grow while providing you with the flexibility to decide when to make those donations. While DAFs enable more giving, traditional DAF providers typically charge fees based on a percentage of assets in the fund, which can create a conflict of interest. Every time you donate money to charity, they lose revenue. Daffy is different. We're an easy-to-use DAF that’s free to start using! That's why Fast Company named us one of 2024's Most Innovative Companies - we're democratizing DAFs for everyone, not just the wealthy. So what do you think of this Forbes piece, is 2024 the year of the DAF? #DonorAdvisedFund #CharitableGiving

Streamline your fundraising and take charitable campaigns to the next level with Paprlss. We’ll help you make every dollar count in the upcoming holidays. Go beyond. Go digital. Go Paprlss #paprlss #digitalforms #digitaldata #fundraising #customizedforms

October 10th is DAF Day! Are you looking for a way to make a charitable impact while also reducing your taxes? A Donor-Advised Fund (DAF) may be a great option! With a DAF, you can contribute cash or appreciated assets like stock or real estate and receive an immediate income tax deduction. You can then suggest grants to your favorite charities, including TMF, and make a lasting impact on the community. Plus, you can designate which charities you want to receive any remaining assets in your fund at your passing.    Want to know more about the benefits of a DAF? Check out our top 10 reasons why a Donor-Advised Fund may be right for you.   #DonorAdvisedFund #CharitableGiving #TaxBenefits #TMF