Charitable Giving Tax Strategies

You love making a difference in the world by supporting good causes… And saving a little bit on your taxes is a nice kickback when you do.

Giving Tuesday and the holiday season are just a few great opportunities to set aside charitable donations which translate to deductions you can take at filing time.

Although the 2017 Tax Cuts and Jobs Act charitable giving deductions more difficult to take advantage of, there are workaround options… donor-advised funds and bunching gifts among them.

And, ultimately, giving to charity is a great way to connect with your community, build your network, and boost company culture.

Some charitable giving strategies we can help you implement to reduce your tax burden include…


    Donating stocks, bonds, or other appreciated securities


    Making a qualified charitable donation (QCD) from an IRA


    Bunching your charitable gifts into one tax year


    Using a donor-advised fund


    Giving through your will, trust, or retirement plan


    Setting up a charitable remainder trust or charitable lead trust

    End of year is, understandably, the most popular time to give. However, charitable giving strategies such as these can maximize your tax savings and the impact of your gifts all year round. When it comes to charitable donations, both the method and timing are important.

    Ask to speak with one of our tax specialists to make a plan for your charitable contributions.

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