Provision Financial Resources’ Post

3 questions to ask as you begin your charitable giving journey: 🔹Which ministries/causes are important to me? 🔹How will my contributions make an impact? 🔹What are my long-term charitable goals?

What's your charitable giving plan for 2025? If you're a retiree taking annual Required Minimum Distributions (RMDs) from your IRA, you can donate all or part of your RMD to a qualified charity. This is called a Qualified Charitable Distribution (QCD). The distribution will not be taxed, either to you or the charitable organization. Tax-free money—who doesn’t like that?

Make the most of your charitable donations by considering donor-advised funds and qualified charitable distributions. These strategies can help you maximize tax benefits while supporting causes you care about. #CharitableGiving #TaxStrategies #YearEndPlanning https://bit.ly/3Xr6ACi

Planning to claim deductions for donating valuable items to charity on your tax return? Don't forget, you might need an appraisal! The IRS has guidelines for donors and charities to substantiate charitable contributions for tax deductions. Stay informed and ensure your contributions are properly documented! #TaxTips #CharityDonations #IRSRequirements #AlegriaAdvisors

One of the tax saving strategies that many business owners like to take advantage of is charitable giving. And there is still time to make donations to causes you support and reap the benefits come filing time. Check out this breakdown from our December newsletter: "As the end of the year approaches, many people give more thought to supporting charities they favor. To avoid losing valuable charitable deductions if you itemize, you’ll need..." Read more: https://lnkd.in/e_eTJcVr #newsletter #taxsavingtips #taxseason2024 #charitablegiving

Introduction to charitable giving When carried out properly, charitable giving can benefit both society and you, the donor. It allows you to help the causes you care about and potentially reduce your taxes. This article discusses some of the basics of charitable giving, including what a gift is and what a registered charity is for tax purposes.

Incorporating charitable giving into your estate plan can provide tax benefits and support causes you care about. There are various ways to give, including outright gifts, charitable trusts, or bequests in your will. Charitable giving can reduce your estate's taxable value and provide a lasting legacy. By planning your charitable contributions, you can make a meaningful impact while also benefiting from potential tax reliefs. 📞 Explore charitable giving options with Blackpark: www.blackpark.uk #CharitableGiving #EstatePlanning #IHT #BlackparkAdvisors

Donor-advised funds are more accessible than you might think. This charitable giving account helps others and also rewards you with valuable benefits; learn more in our blog post. https://lnkd.in/eiUCKM4E #DonorAdvisedFunds #CharitableGiving #WealthManagment #FinancialPlanning #TaxPlanning

The time spent formulating your charitable giving strategy can help you maximize the effect you have on the causes and organizations that are closest to your heart. #financialadvisor #charitable #wealthmanagement https://lnkd.in/gzc-KCAn

Gifts to charitable remainder trusts can provide tax benefits for donors. Discover the power of the Charitable Remainder Trust (CRT) for optimizing your taxes and supporting causes you care about. Convert appreciated assets into an income stream while securing future contributions to your preferred charity. Learn more on how this tax-advantaged strategy works to offer immediate charitable deductions and provide income to the donor or another person. https://bit.ly/4gvwRYc