Did you know you can donate appreciated assets instead of cash to support your favorite charities? Discover more tax-smart giving strategies in our blog. READ: https://lnkd.in/ghDU3j3w #charitablegiving #taxplanning #taxbenefits
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Are you planning to donate to charity this month? Charitable contributions can reduce your tax bill, but timing and documentation matter. To maximize your deductions, make sure you’re donating to eligible organizations and have all the necessary paperwork. For more details on maximizing your charitable donations, please read our blog: https://lnkd.in/gT8XvSNw. #CharitableGiving #TaxPlanning #FinancialAdvisor
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Owner of Hummel Law PC, counsel at Donovan Kochman LLP, Vice President of My Charity Fund
🌟 Exciting News for Future Philanthropists! 🌟 Are you passionate about making a difference but want a streamlined, tax-efficient way to give? Creating a Donor-Advised Fund (DAF) at My Charity Fund (www.mycharityfund.ca) might be the perfect solution for you! 🙌 💡 Here’s why DAFs are a game changer for those who want to give back: ✅ Flexibility: Make donations today and recommend donations to your favourite charities over time. ✅ Tax Benefits: Receive an immediate tax deduction when you donate to your DAF and simplify your charitable giving. ✅ Simplicity: No more juggling paperwork! A DAF consolidates your giving, making it easier to track your impact and organize tax receipts (your accountant will thank you). ✅ Legacy: Pass your philanthropic values to future generations by involving your family in your giving strategy. Ready to start your giving journey with confidence? Let’s chat about how a DAF can help you achieve your philanthropic goals while supporting the causes you care about. 💙 #Philanthropy #DonorAdvisedFunds #GivingBack #ImpactfulGiving #WealthManagement
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Do you view your accountant as an expense or an investment? Our clients see us as an investment.
🌞 Summer is the perfect time to tackle those chore lists! If you're cleaning out the garage or closets, consider donating items to a local charity. Not only is this a generous act, but it could also lead to tax savings if you itemize deductions on your tax return. 🧹🧺 Here’s what you need to know for tax benefits: 📦 Noncash donations under $250: Make sure to get a receipt that includes your name, address, date of donation, and a detailed description of the items. 💖Donations between $250 and $500: Obtain a "contemporaneous written acknowledgement" from the charity. Remember, giving back is always a win-win! #Charity #TaxSavings #SummerCleaning #BusinessAdvisory
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Helping people manage the risks of everyday life, recover from the unexpected, and accomplish their dreams.
Giving Tuesday is a great reminder to reflect on how we can make a difference. If you're considering donating, it's important to make sure your contributions are going to causes that align with your values. This guide helps you compare charities and see where your money goes so you can give confidently this season! #GivingTuesday #NationalDayOfGiving https://lnkd.in/gTXhWU2i
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🌞 Summer is the perfect time to tackle those chore lists! If you're cleaning out the garage or closets, consider donating items to a local charity. Not only is this a generous act, but it could also lead to tax savings if you itemize deductions on your tax return. 🧹🧺 Here’s what you need to know for tax benefits: 📦 Noncash donations under $250: Make sure to get a receipt that includes your name, address, date of donation, and a detailed description of the items. 💖Donations between $250 and $500: Obtain a "contemporaneous written acknowledgement" from the charity. Remember, giving back is always a win-win! #Charity #TaxSavings #SummerCleaning #BusinessAdvisory
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Empathically Direct Financial Planner/Educator--I help clients to define their "someday" and understand how to get there.
It's #GivingTuesday! Are you making a charitable contribution today (or before year end)? Check out our blog on maximizing the tax savings and impact to worthy causes/organizations from your donations. https://smpl.is/9vwt9 #givingback #charitablegiving #giveback #donate #philanthropy #taxsavings #maximizetimpact #worthycauses #GivingTuesday
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Rethink Charity: Why Cash Beats Goods Every Time! Join the thought-provoking discussion on charitable giving as our speaker challenges traditional methods. Explore how monetary donations can empower those in need to choose what truly matters to them—from school supplies to Thanksgiving meals. Rethink how you give and make a real difference! #CharitableGiving #RethinkCharity #CommunitySupport #EmpowerThroughGiving #FinancialAid #PracticalCharity #NonprofitTalk #ThanksgivingCharity #MakeADifference #CommunityEngagement
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Planning to donate stock before year-end? Here are some tips to maximize your impact: ➤ Decide which charity you wish to donate to. Select a charity you are passionate about supporting with a gift. ➤ Consult your financial advisor. They can help optimize your donation for maximum tax benefits. ➤ Meet the deadline. Initiate your stock transfer by December 27, 2024, to ensure it counts for this tax year. Giving appreciated stock can amplify your generosity and streamline your giving. Learn more about making stock donations here: https://lnkd.in/dU_Su-YN #YearEndGiving #StockDonations #CharitableGiving #DonorAdvisedFund
