Tonya Fairley’s Post

How Can Charitable Donations Benefit My Tax Bill? ❤️ Made a donation to a registered charity? You might be eligible for valuable tax relief! For sole traders, eligible donations can reduce taxable income, keeping more money in your business while supporting great causes. Keeping track of your charitable contributions is key—let’s ensure you’re claiming all the tax benefits you’re entitled to. Have questions? We’re here to help you maximise your savings - Call our office on 0117 2901204 #CharityDonations #TaxRelief #SoleTraderTips #GivingBack #BarrettStaceyAccounting

How Can Charitable Donations Benefit My Tax Bill? ❤️ Made a donation to a registered charity? You might be eligible for valuable tax relief! For sole traders, eligible donations can reduce taxable income, keeping more money in your business while supporting great causes. Keeping track of your charitable contributions is key—let’s ensure you’re claiming all the tax benefits you’re entitled to. Have questions? We’re here to help you maximise your savings - Call our office on 0117 2901204 #CharityDonations #TaxRelief #SoleTraderTips #GivingBack #BarrettStaceyAccounting

🎁 Give with Purpose this Holiday Season December is the season of giving—and a great time to make charitable contributions that benefit others while aligning with your financial goals. Here’s how you can give wisely: ✅ Maximize Tax Benefits: Donating to qualified charities may reduce your taxable income. ✅ Consider a Donor-Advised Fund: Simplify your giving while making a lasting impact. ✅ Gift Appreciated Assets: Donating stocks or other assets can provide significant tax advantages. Let’s create a charitable giving strategy that reflects your values and supports your financial plan. Reach out if you’d like to discuss! #CharitableGiving #SeasonOfGiving #FinancialPlanning

Give More, Tax-Free in 2024! 🎉 Did you know? If you're 70½ or older, you can donate up to $105,000 tax-free from your IRA to a qualified charity. It’s a win-win: Support causes you care about while reducing your taxable income! For those 73+, these Qualified Charitable Distributions (QCDs) also count toward your Required Minimum Distribution (RMD). Married couples with separate IRAs? You could donate up to $210,000 combined! Plan ahead and contact your IRA trustee to ensure your generosity makes an impact by year-end. Questions? We're here to simplify the process for you! elminc.us #EasyLifeManagement #taxes #irs #TaxTips #TaxSavings #CharitableGiving #IRA

Are you aware of the dual benefits of donating appreciated stock? 📈✨ This strategy allows you to avoid capital gains tax while providing a significant tax credit. By selecting the right stocks to donate, you can increase your charitable impact while minimizing your tax bill. Learn how one of our clients effectively used this tactic to support his charitable goals and reduce his tax burden. Discover how you can do the same and optimize your philanthropic strategy. 🔗 Read the full article here: https://lnkd.in/evHv_pQB #FinancialPlanning #CharitableGiving #TaxStrategy #InvestmentAdvice #WealthManagement

Give back with purpose! Did you know that charitable giving can not only make a positive impact on your community, but also benefit YOU? In the United States, donations to qualified charitable organizations are tax-deductible, which means you can reduce your taxable income and even lower your tax bill! Make a difference in the lives of others while also taking advantage of this valuable perk. Donate now and experience the rewarding feeling of giving back while also saving on taxes #CharitableGiving #TaxBenefits #MakeADifference

Give back with purpose! Did you know that charitable giving can not only make a positive impact on your community, but also benefit YOU? In the United States, donations to qualified charitable organizations are tax-deductible, which means you can reduce your taxable income and even lower your tax bill! Make a difference in the lives of others while also taking advantage of this valuable perk. Donate now and experience the rewarding feeling of giving back while also saving on taxes #CharitableGiving #TaxBenefits #MakeADifference

💡Did You Know? Qualified Charitable Distributions (QCDs) are a smart way to give back while managing your taxes! 💡 If you’re 70½ or older, you may qualify to make tax-free donations directly from your IRA to a 501(c)(3) charity of your choice. Curious if a QCD is right for you? Let’s explore your options together! Contact us today or visit https://lnkd.in/eEN94qd4 to learn more. #QCD #TaxPlanning #501c3Charity #WealthManagement #FinancialAdvisor

Are Tax Write-Off Donations Worth the Cost? Uncover the Truth! #DonatingForTaxWriteOffs Understanding the Basics So you've heard about donating to charities as a way to reduce your tax burden. It's a common practice among individuals and businesses alike. But if you're like many people, you might be wondering if there's more to it than just saving money on taxes. Maximizing Tax Benefits When you make a donation to a qualified charitable organization, you a... Source: https://lnkd.in/gJf67DQ3 #mymetric360

Did you support a charity last year? If your contribution was $250 or more, it's important to have a written acknowledgment from the organization to claim it on your taxes. For donations under $250, a simple bank or card statement should suffice. Just remember, if you received any gifts in return, you'll need to adjust your deduction accordingly. If you need assistance or have questions about making your charitable contributions count, our team at https://lnkd.in/exZUUn5Q is here to help. #CharitableGiving #TaxDeductionTips #FinancialPlanning #TaxPreparation #SmartDonations #PremiereTeam