Sharing includes tithes and offerings to churches, contributions to charitable organizations, and direct gifts to people in need. Many contributions can reduce people's income tax liabilities.
#10 of 13 Things People Can Do with Money | by WealthPhase
What if you could do good, while doing really well? Rather than simply writing a check to your favorite charity, one approach to leveraging your charitable intent is to donate appreciated securities.
Robo advisor lets investors donate directly from their accounts. After a user decides how much to give, Betterment funds the donation with the most appreciated shares from their portfolio, allowing clients to get the tax deduction and avoid capital gains taxes.
Charitable giving is invariably on every year-end financial-planning to-do list--year in and year out. But a confluence of events playing out in 2017 makes donating to charity an even more beneficial strategy than usual.
One often-overlooked way to magnify your magnanimous charitable donation is to consider gifting an unneeded life insurance policy. Your gift can also come with some tax benefits.
Before making a charitable donation after a natural disaster, it's important to make sure your gift is going to a reputable organization. Here's how to check.
Before paying tax to convert your IRA to a Roth, consider a charitable rollover.
Why are DAFs gaining in popularity compared to direct donations to charities and foundations?
This IRS article generally explains the rules covering income tax deductions for charitable contributions by individuals. You can find a more comprehensive discussion of these rules in Publication 526, Charitable Contributions, and Publication 561, Determining the Value of Donated Property.
Using charitable trusts, people can turn appreciated property (property that has gone up significantly in value since it was acquired) into income-generating investments without paying capital gains taxes on the profits. In addition to helping a good cause, donors can receive additional tax benefits.