Ep. 88 Year-End Giving: A Tax-Smart Strategy for Charitable Giving
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Ep. 88 Year-End Giving: A Tax-Smart Strategy for Charitable Giving
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In this episode of the Red Barn Financial Podcast, I talk about ways to make your charitable giving go further with some tax efficient ideas. I share the keys to giving and finding where your philanthropy can have the most impact.
The use of a Donor Advised Fund (DAF) or making a Qualified Charitable Distribution (QCD) from an IRA are two potential ways to improve your giving by paying less in taxes, thereby leaving more for the charity or less of a tax burden for yourself.
Giving appreciated stock vs. selling the stock and giving cash, and many more topics are discussed.
Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact smoran@redbarnfinancial.com visit www.redbarnfinancial.com or call 615-619-6919
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