Year-End Giving: How To Choose Causes and Optimize Tax Benefits (Ep. 88)
Have you ever wondered how your giving can have a lasting impact?
Or are you thinking about how to make sure your charitable contributions align with your values and life goals?
In this episode, financial advisors Jeff Green and Lauren Smith cover effective ways to approach charitable giving during the holiday season, discussing strategies to maximize personal impact and tax benefits. They guide listeners through essential considerations for end-of-year philanthropy, including:
- Tips for selecting causes that resonate with your personal values
- The importance of researching how donations are used by organizations to ensure contributions have the intended effect
- How to use Qualified Charitable Distributions (QCDs), potentially avoiding taxable income on required minimum distributions
- An overview of donor-advised funds for potential tax benefits and flexibility to direct contributions over time to chosen charities
- Why you might consider giving long-term appreciated assets, like stocks, to bypass capital gains tax while receiving a charitable deduction for full market value
- Reminders for how we can all avoid common charitable giving pitfalls
- And more!
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