Here to Serve, Inc.’s Post

🎯 Maximize Your End-of-Year Giving & Tax Benefits! 🎯 As the year winds down, many of us are looking to make a difference while also navigating tax planning. If you’re facing tax challenges, there’s a smart way to give and reduce your tax burden: donate to I Will Survive Inc. before December 31! 💡 Why donate before the year ends? Tax Deduction: Donations to I Will Survive Inc. are tax-deductible, which could help reduce your taxable income for this year. Support a Cause You Care About: Your contribution helps provide critical support to survivors of trauma, empowering them on their healing journey. Simplify Year-End Tax Planning: Giving is an easy, effective way to make a positive impact and potentially lower your taxes. 🔗 How to donate: Visit our donation page (DM me). Choose the amount you’d like to contribute. Complete your donation by December 31 for it to count in this tax year. Don’t wait! Let’s make a difference together while making your tax situation a little easier. #EndOfYearGiving #TaxSavings #MakeADifference #IWillSurviveInc #Charity #TaxDeductions #GivingBack

Give Back and Save on Taxes at the Same Time Supporting charities doesn’t just help the causes you care about—it can also provide valuable tax benefits. Here’s how you can make the most of giving: 1️⃣ Track Your Donations: Contributions to qualified charities can be added to your yearly deductions, reducing your tax bill. Remember to keep written records! 2️⃣ Financial Gifts: Worried about gifting limits? If you’re gifting less than $15,000 per year to an individual, you don’t need to stress about gift taxes. 3️⃣ Explore Charitable Trusts: While they have some complexities, charitable trusts can offer tax benefits, provide an income stream, and help you support causes that matter most to you. Giving back feels good—and it can be good for your finances too. #TaxStrategy #FinancialPlanning #CharitableGiving #SaveMoney #Taxes #WealthBuilding #MoneyMatters #FinancialTips

How Does a Gift Annuity Work? Now that you know what a gift annuity is, let’s break down how it works: Make a Donation: You donate cash, stocks, or other assets to a charity. Receive Fixed Payments: In return, you receive a steady income stream for life, based on your age at the time of the gift. Immediate Tax Benefits: Enjoy an immediate charitable tax deduction and potential tax-free income on a portion of your payments. Support a Cause: After your lifetime, the remaining funds help the charity continue its important work. A gift annuity provides financial security for you and lasting support for a cause you care about. Stay tuned for more insights into the benefits of gift annuities in our next post! #GiftAnnuity #PlannedGiving #CharitableGiving #HowItWorks #FinancialPlanning #KingdomFinancialSolutions #SupportACause #SecureIncome #TaxBenefits

Did you know you can support charity while reducing your taxes? With a Charitable Gift Annuity, you can donate assets to a charity of your choice and receive fixed payments for life. Not only does this provide you with a reliable income stream, but it also offers immediate tax benefits, including deductions and potential capital gains tax savings! With a Charitable Gift Annuity, you secure your financial future while making a lasting impact on causes you care about. Contact your accountant to see if this strategy could benefit you and your goals. #CharitableGiving #TaxSavings #FinancialStrategy

Want to support the charities you care about and cut down your tax bill? 𝗨𝘀𝗲 𝗚𝗶𝗳𝘁 𝗔𝗶𝗱 🎗️ If you’re a taxpayer, one of the simplest steps you can take when gifting is to tick the Gift Aid box. Gift Aid means the charity can claim back the basic rate of Income Tax you’ve already paid on the donation. 💰 You donate = £100 💰 Charity receives = £125 Usually, you just need to fill in a Gift Aid declaration form when donating. Higher- and additional-rate taxpayers can claim back the rest of the Income Tax paid. 💰 You donate = £100 💰 You can claim back = £25 You can do this by completing a self-assessment tax return.

🎁 Year-End Giving Made Simple 🎁 Giving back is always in season, but as the year ends, many organizations need your support the most! 💙 Here are a few key points to keep in mind for your charitable giving strategy: 📅 Mark Your Calendar: The deadline for donations to qualify for a 2024 tax deduction is December 31. Donate early to avoid delays, especially for non-cash assets like stocks, which may take longer to process. 💰 Know the Limits: Charitable deductions are typically capped at 50% of your adjusted gross income (AGI). 📊 Explore Your Options: Whether it’s cash, stocks, or other assets, various tools can help streamline your giving. 📝 Important Reminder: This post is for informational purposes only. Always consult your tax, legal, and accounting professionals to understand the specific tax treatment of your donations. Let’s make a difference this holiday season. 🌟 #YearEndGiving #Charity #MakeADifference

I've enjoyed a great day with Volunteers of America MI today! It's the LAST DAY to sponsor a family for the holidays - today is the telethon on Fox 2 News, which is the final push to get the last families on the list sponsored. (Telethon ends at 5PM ET.) If you're in MI and would like to sponsor a family in the metro-Detroit area, please visit VOAMI.org. The families who still need sponsorship are listed on the site. What does it mean to sponsor a family? Here's how it works: 👉 Pick a family. Their profile and their wish list/needs are on the site. Some families are bigger than others. Some are individuals (seniors) who need a few things. Make sure you can accommodate buying at least one or two items on the list for each person in the family, and then expect to do a gift card to pay for their holiday meal. 👉 Once you've committed to sponsorship, VOA sends you an email with your adopted family's contact info. (I'm one of the people sending out those emails today!) 👉 You reach out to the family or individual to arrange to give them the items on their wish list, either at their home or you can meet at a VOA location in the area. Items need to be delivered by 12/21. If the holidays are too busy for you to sponsor a family (i.e., buying these last minute gifts, wrapping, dropping off), but you still want to help, please consider a donation to Volunteers of America. It's a great time of year to make a tax deductible donation!

As the holiday season approaches, the reality of Christmas changes when children grow up. The stockings may not be as full, and the cost of gifts seems to rise with their age. Reflecting on the significant expenses associated with the festive season, it's impossible not to consider how these resources could make a more meaningful impact elsewhere. Amidst the commercialisation, it's crucial to remember those facing financial hardship, especially families unable to afford Christmas presents for their children. The thought of children missing out on the magic of the season due to economic challenges is a stark reminder of the inequalities that persist, even during this time of celebration. That's why I stand behind Action for Children, an organisation dedicated to ensuring that every child, regardless of their circumstances, can experience the joy and wonder of Christmas. Their efforts bring hope and smiles to those who need it most, spreading the spirit of giving and kindness. Let's come together to support these initiatives and help children hold onto the enchantment of Santa Claus. Every donation, no matter how small, contributes to creating a brighter Christmas for those in need. Join me in making a difference this holiday season. 🎅 🎄 🎁 [To donate and make a difference, visit: Action for Children Donation Page](https://lnkd.in/e5gVgZZ3)

🎁 Maximize Your Giving: Qualified Charitable Distributions (QCDs) from your IRA Accounts Did you know you can support your favorite charities and potentially reduce your tax burden at the same time? Qualified Charitable Distributions (QCDs) allow individuals aged 70½ or older to donate up to $100,000 directly from their IRA to a qualified charity. 📌Benefits of QCDs: Tax Efficiency: QCDs can be excluded from your taxable income, potentially lowering your tax bill. RMD Solution: Counts towards your Required Minimum Distributions (RMDs) if you're 73 or older, without increasing your taxable income. Support Causes You Love: Make a meaningful impact while enjoying tax benefits. 📈 Is a QCD Right for You? Our team at TDA can help you understand how QCDs fit into your financial strategy and ensure you're maximizing your charitable impact. 📞 Contact us today to explore how you can give smartly and generously! #QCDs #CharitableGiving #TaxSmartGiving

🎁 Charitable Giving Done Right 🎁 As the year winds down, it's the perfect time to make a difference—and prepare for the 2025 tax season! To ensure your charitable contributions are tax-deductible, keep these tips in mind: 1️⃣ Choose Qualified Organizations: Donations must go to IRS-recognized non-profits. 2️⃣ Keep Records: Save receipts and acknowledgment letters for every gift. 3️⃣ Cash or Property? Know the valuation rules—cash donations are straightforward, but property donations may require additional documentation. 4️⃣ Donor Limits: Stay aware of the deduction limits based on your income. Not sure if you're on track? Let us help you navigate the tax benefits of your generosity. 🌟 💻 Contact us or visit evergreentaxprep.com to prepare for a smooth tax season ahead!