Arizonas Children Association’s Post

Supporting the Foundation for Blind Children (FBC) isn’t just about making a difference in the Blind Community—it’s also about leveraging your donation for the Arizona Charitable Tax Credit! At FBC, we’re dedicated to empowering blind and visually impaired individuals, providing critical resources, education, and support to help them thrive. Your generosity fuels our efforts to create a more inclusive society where everyone has opportunities to succeed. What’s more, your donation to FBC can be applied to the Arizona Charitable Tax Credit, allowing you to support our mission while also receiving a dollar-for-dollar credit (specific limits apply) on your state taxes. It’s a win-win that makes a real impact in the lives of those we serve. Join us in transforming lives and building a brighter future for the blind community. Together, we can make a difference that lasts a lifetime. Visit [Foundation for Blind Children’s website] to learn more about how you can contribute and claim your tax credit today! Learn more about the Arizona Charitable Tax Credit and how you can contribute: https://lnkd.in/gv_N-B6H #FoundationForBlindChildren #BlindCommunity #VisuallyImpaired #Empowerment #InclusiveSociety #TaxCredit #SupportEducation #VisionLoss #BlindnessAwareness #CommunitySupport #ArizonaTaxCredit #SupportInclusion #MakeADifference

The new IRA gift annuity offers tax benefits and lifetime income for seniors donating from IRAs. Brian and Deborah Smith will donate to their church, receiving non-taxable income monthly. This aids charities post-2017 tax changes but may not suit everyone due to limits and growth potential of assets. These annuities, part of QCDs, have donation limits and fixed rates by the ACGA. Payments are taxable without affecting adjusted gross income, impacting Medicare premiums and taxes. Each spouse can donate up to $50,000 from IRAs, considering annuity setup, fees, and charity's financial health. #IRACharitableGiftAnnuity #SeniorTaxAdvantages #LifetimePayments #CharitableDonations #TaxReformEffects #AssetGrowth #NonprofitEvaluation #QCDs #ACGAGuidelines #TaxableIncome #MedicareCosts #DonationCaps #RetirementPlanning #CharityFinancialHealth #IRSGuidelines

Attention all charitable givers! Did you know that your donations can significantly impact your taxes? As a CPA in Lindenhurst, I have seen many clients miss out on valuable deductions because they were unaware of the rules and regulations surrounding charitable contributions. Here are some tips to help you get the most out of your donations: Remember to file for charitable organizations and obtain a receipt or acknowledgment letter. Keep accurate records of your donations, including the date, amount, and the organization's name. Understand the limits of deductions based on your adjusted gross income. Bundle your donations to increase the tax benefit. Consider non-cash contributions, such as property or stocks, for added benefits. By following these tips, you can ensure that your donations significantly impact the organizations you support and your taxes. Take advantage of valuable deductions, plan your donations accordingly, and seek professional advice if unsure. If you're looking for a reliable CPA in Lindenhurst to help you with your tax and financial planning, please don't hesitate to contact me. Let's work together to maximize your donations and minimize your taxes. #taxdeduction #charitablegiving #donations #taxplanning #LindenhurstCPA #financialplanning #taxes #IRS #nonprofits #communitysupport #taxseason #taxhelp

"Are there still ways for donors to maximize deductions for charitable donations? Yes, there are several. A simple one is to bunch donations every few years to get over the hurdle of the higher standard deduction."  Learn more at The Wall Street Journal and link up with us to begin your charitable giving plans to help your community and save during tax time. #charitablegiving #philanthropy #donoradvisedfunds

Attention all charitable givers! Did you know that your donations can significantly impact your taxes? As a CPA in Lindenhurst, I have seen many clients miss out on valuable deductions because they were unaware of the rules and regulations surrounding charitable contributions. Here are some tips to help you get the most out of your donations: Remember to file for charitable organizations and obtain a receipt or acknowledgment letter. Keep accurate records of your donations, including the date, amount, and the organization's name. Understand the limits of deductions based on your adjusted gross income. Bundle your donations to increase the tax benefit. Consider non-cash contributions, such as property or stocks, for added benefits. By following these tips, you can ensure that your donations significantly impact the organizations you support and your taxes. Take advantage of valuable deductions, plan your donations accordingly, and seek professional advice if unsure. If you're looking for a reliable CPA in Lindenhurst to help you with your tax and financial planning, please don't hesitate to contact me. Let's work together to maximize your donations and minimize your taxes. #taxdeduction #charitablegiving #donations #taxplanning #LindenhurstCPA #financialplanning #taxes #IRS #nonprofits #communitysupport #taxseason #taxhelp

🔔 New Article Alert! We are excited to announce the release of our latest article, "What Types of CRTs Are There?" Dive deep into the world of Charitable Remainder Trusts (CRTs) and discover the differences between Charitable Remainder Annuity Trusts (CRATs) and Charitable Remainder Unitrusts (CRUTs). Learn how these irrevocable trusts can help you: - Plan major charitable donations - Receive predictable income - Defer income taxes - Achieve your philanthropic and financial goals 🔍 Find out more about the pros and cons, tax benefits, and how to choose the right CRT for you. #FinancialPlanning #EstatePlanning #CharitableGiving #CRTs

Americans have a new option in 2023: donating funds from an IRA via a charitable gift annuity. Seniors should consider all the angles before jumping in. #financialplanning #charitablegiving #taxes https://lnkd.in/gBrd3MHi

If you're 70½ or older, you can make Qualified Charitable Distributions (QCDs) directly from your IRA to eligible charities. This strategy benefits retirees seeking to support charitable causes while reducing their tax burden. QCDs count towards your required minimum distributions (RMDs) but don't increase your adjusted gross income (AGI), thus potentially lowering your overall tax liability. This can be an effective way to fulfill donation intentions and manage taxable income simultaneously.

If you itemize deductions on your tax return, you may be able to include any charitable contributions made during that filing year. Itemizing donations entitles taxpayers to charitable contribution deductions. Learn more about this article: https://lnkd.in/e_MmVR9R #CPA #blogpost #IRS #charitytax #murthamurthacpas #taxhelp #itemizedeductions #Charitabledonations

Here are the 5 most common charitable giving strategies for this #givingtuesday We find a lot of clients are charitably inclined, but there are often ways to reduce tax impacts and increase the impacts of your giving. Especially for those who gift on a consistent basis, utilizing these strategies (or even a combination of them) can make a huge impact to your tax bill as well as how much you are able to give to the charity of your choice. Some of the most common strategies include: 1️⃣ Qualified Charitable Distributions (QCD's) 2️⃣ CRT's or CLT's 3️⃣ Gifting appreciated assets 4️⃣ Bunching gifts 5️⃣ Donor Advised Funds (DAF's) This is a great holiday to celebrate after all the spending on #blackfriday and #cybermonday , so thank you to those who are able to give back and hopefully one of these strategies helps you for your year-end planning. #seattle #giveback #finances #taxplanning #charitablegiving