Did you know that donating stock can significantly impact the lives of Native Elders, children, and families – all while saving you money in the process? Here’s how: 👉 When you donate your appreciated assets (stock), you avoid paying capital gains tax. 👉 If you itemize deductions, you can also take a charitable deduction for the entire donation amount. 👉 You can donate a Qualified Charitable Distribution (QCD) through your IRA and reduce your taxable income. Learn more at: www.PWNALegacy.org
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Use your Required Minimum Distribution (RMD) to make charitable donations and benefit from the Qualified Charitable Distribution (QCD) rule. This strategy helps manage taxes and supports your favorite causes.
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(Partial) Myth: Charitable donations lead to tax deductions. Truth: You might not be getting any additional deductions from your donations, but there are ways to make sure you're not missing out. Read our 3 part series on charitable giving strategies to learn more! https://lnkd.in/gC9kV_5X
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When it comes to charitable giving, when you donate can make a big difference to the amount of tax you save. A "deferred gift" allows you to plan ahead to give in the future, at the right time to maximize the tax-effectiveness of your donation.
Save taxes by timing donations strategically
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When it comes to charitable giving, when you donate can make a big difference to the amount of tax you save. A "deferred gift" allows you to plan ahead to give in the future, at the right time to maximize the tax-effectiveness of your donation.
Save taxes by timing donations strategically
To view or add a comment, sign in
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When it comes to charitable giving, when you donate can make a big difference to the amount of tax you save. A "deferred gift" allows you to plan ahead to give in the future, at the right time to maximize the tax-effectiveness of your donation.
Save taxes by timing donations strategically
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There are ways to maximize the charitable contribution deduction, year after year. This article describes thoughtful strategies helpful to both charities and donors alike.
Maximize Charitable Impact and Minimize Taxes with These Year-End Gifting Strategies
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Tax-Smart Giving: How Qualified Charitable Distributions (QCDs) Let You Donate Tax-Free from Your IRA. For those 70½ and older, QCDs offer a unique way to support charities, lower taxable income, and meet RMD requirements—no itemization needed. Discover the benefits of this powerful giving strategy and how to maximize your charitable impact in 2024. Read this week's blog at the link below: https://lnkd.in/ehznm-uA
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When it comes to charitable giving, when you donate can make a big difference to the amount of tax you save. A "deferred gift" allows you to plan ahead to give in the future, at the right time to maximize the tax-effectiveness of your donation.
Save taxes by timing donations strategically
To view or add a comment, sign in
-
When it comes to charitable giving, when you donate can make a big difference to the amount of tax you save. A "deferred gift" allows you to plan ahead to give in the future, at the right time to maximize the tax-effectiveness of your donation.
Save taxes by timing donations strategically
To view or add a comment, sign in
-
When it comes to charitable giving, when you donate can make a big difference to the amount of tax you save. A "deferred gift" allows you to plan ahead to give in the future, at the right time to maximize the tax-effectiveness of your donation.
Save taxes by timing donations strategically
To view or add a comment, sign in