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"Give Back and Get Back - Charitable Contributions Tax Guide!" When donating to charity, ensure the organization is qualified by the IRS to make your contributions tax-deductible. Always obtain a receipt for your donation, detailing the date, amount, and organization. For non-cash donations, keep a list of the items and their condition. Remember, itemized deductions for charitable contributions can only be claimed if you don't take the standard deduction, so it's important to calculate which method saves you more on taxes. FOLLOW US FOR MORE @xperttaxservice VISIT OUR WEBSITE www.xperttaxservice.com #CharitableContributions #TaxGuide #IRS #TaxDeductible #TaxSavings #XpertTaxService

Are you making charitable donations this year? Consider a “bunching” strategy. To take advantage of this strategy, you contribute multiple years’ worth of your charitable giving in one year to surpass the itemization deduction threshold. In off-years, you could take the standard deduction. This approach can result in significant tax savings. #charitabledonations #charitablegiving #standarddeduction #financialstrategy #taxsavings #donations

"Give Back and Get Back - Charitable Contributions Tax Guide!" When donating to charity, ensure the organization is qualified by the IRS to make your contributions tax-deductible. Always obtain a receipt for your donation, detailing the date, amount, and organization. For non-cash donations, keep a list of the items and their condition. Remember, itemized deductions for charitable contributions can only be claimed if you don't take the standard deduction, so it's important to calculate which method saves you more on taxes. FOLLOW US FOR MORE Xpert Tax Service LLC VISIT OUR WEBSITE www.xperttaxservice.com #TaxGuide #IRSQualified #XpertTaxService #NonCashDonations #TaxDeductible

Tiffany Ritchie, CFP, HDP of Morris Financial Concepts, shares another tip in this charitable deduction series. This time she shares how donor-advised funds allow for upfront tax deductions while enabling charitable contributions to be spread over years. This video explains the strategy of front loading donations to leverage tax advantages, including a higher standard deduction. Learn how your contributions can grow and potentially increase the amount given to charities, all while optimizing tax benefits. #Charity #FinancialPlanning #TaxBenefits #GivingStrategy #CharitableDeductions #PhilanthropicImpact Learn more about how Morris Financial Concepts can help you plan your giving at https://buff.ly/3TlTBRS

Legacy planning can involve many things, but charitable efforts will almost certainly be a factor. Deciding to give back to others through charity is an easy decision because of the fulfillment and sense of purpose it provides but choosing how much and when to give is much more difficult. GSAM has decades of experience in helping our clients to grow their legacy by establishing a plan that supports initiatives close to them during their lifetime and beyond. To learn about a few different ways to maximize your charitable impact, click here:  https://lnkd.in/dskkEyHN #GSAM #LegacyPlanning #EstatePlanning #WillsandTrusts #FinancialGifting #CharitableGiving

As the year draws to a close, optimizing your charitable donations can provide significant tax benefits while supporting causes you care about. Explore strategies such as donating appreciated assets and utilizing donor-advised funds in our detailed guide. #CharitableGiving #TaxPlanning #YearEndStrategy https://bit.ly/3XArJez

Fall into tax savings this season by considering charitable donations! Donating to causes you care about not only makes a difference but can also lower your taxable income. Give back and save at the same time! #CharitableGiving #TaxSavings #FallIntoSavings #BechtelCPA #GiveBack #FinancialPlanning

Is a Donor Advised Fund right for you? Donor Advise Funds (DAFs) are a powerful tool for impactful charitable giving. With a DAF you can contribute assets, receive an immediate tax deduction, and recommend grants to your favorite charities over time. This Flexibility maximizes tax efficiency and simplifies donation management. A DAF can also help establish a charitable legacy by involving your family in giving decisions ensuring your philanthropic vision endures. Let's connect to explore how a DAF can enhance your charitable strategy and create a lasting legacy! #DonorAdvisedFunds #CharitableGiving #philanthropy #TaxEfficiency #Wealth #FinancialPlanning #LegacyPlanning #GivingBack

Looking to maximize your charitable impact and save on taxes? A donor-advised fund (DAF) lets you deduct donations now and invest them for future giving. See how it works to help you give more to your favorite causes: https://bit.ly/3wqXzzT #charitablegiving

Did you make a charitable gift last year and are hoping for a tax break when you file your return? Here are the donation rules to secure a deduction: bit.ly/42wloBS #tax #taxes #taxbreak #taxdeductions #taxreturn #taxseason #taxrules #charity #charitablegiving #charitabledonations #donate #donations #deduction #rules #learnmore