Another way to save on your 2023 Idaho income tax: The credit for certain youth and rehabilitation charities. Individuals and businesses can take this, and it allows you to donate money or goods. Credits reduce the tax you owe. See more: https://lnkd.in/gtNP7Vcd
Idaho State Tax Commission’s Post
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If you donate valuable assets to charity and don’t follow certain requirements, the charitable tax deduction may be denied. Here are some answers to questions about how to protect your deductions. To read more, click the link here: https://lnkd.in/efHjQdmk
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Financial Adviser specializing in Retirement, Insurance protection and Business planning for Families and Privately owned businesses
Gifts to charitable remainder trusts can provide tax benefits for donors. Discover the power of the Charitable Remainder Trust (CRT) for optimizing your taxes and supporting causes you care about. Convert appreciated assets into an income stream while securing future contributions to your preferred charity. Learn more on how this tax-advantaged strategy works to offer immediate charitable deductions and provide income to the donor or another person. https://bit.ly/48N2gll
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Gifts to charitable remainder trusts can provide tax benefits for donors. Discover the power of the Charitable Remainder Trust (CRT) for optimizing your taxes and supporting causes you care about. Convert appreciated assets into an income stream while securing future contributions to your preferred charity. Learn more on how this tax-advantaged strategy works to offer immediate charitable deductions and provide income to the donor or another person. https://bit.ly/44vHS71
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Founder of Field Financial Strategies, empowering clients nationwide to achieve their financial goals.
Gifts to charitable remainder trusts can provide tax benefits for donors. Discover the power of the Charitable Remainder Trust (CRT) for optimizing your taxes and supporting causes you care about. Convert appreciated assets into an income stream while securing future contributions to your preferred charity. Learn more on how this tax-advantaged strategy works to offer immediate charitable deductions and provide income to the donor or another person. https://bit.ly/42kuCkw
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Did You Know: Charitable Contributions: For those who itemize deductions, cash contributions to public charities can be deducted up to 60% of AGI (adjusted gross income). #didyouknow #taxtips #taxseason #letushelp
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Gifts to charitable remainder trusts can provide tax benefits for donors. Discover the power of the Charitable Remainder Trust (CRT) for optimizing your taxes and supporting causes you care about. Convert appreciated assets into an income stream while securing future contributions to your preferred charity. Learn more on how this tax-advantaged strategy works to offer immediate charitable deductions and provide income to the donor or another person. https://lnkd.in/gVDjaHWT
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Have you heard about IRA charitable gift annuities? Read this article by the Wall Street Journal to see how you can use your tax-deffered IRA to spread the wealth to your favorite charity! Consider making your gift to FentanylSolution.org today! #makeyourmoneyworkforyou #nonprofitorganization
"Tax breaks for charitable donations come in many flavors, and this year Congress has a new one for seniors called an IRA charitable gift annuity. It allows older owners of traditional IRAs to donate account funds to a charity and get tax breaks plus income payments for life. " Great article from WSJ on this new giving opportunity!! https://lnkd.in/d7Q8mdhF
How to Donate to Charity, Get a Tax Break and Have Income for Life
wsj.com
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Financial Planner and Wealth Advisor at Market Cycle Financial & Honorary Consul of Denmark in Kansas and Missouri
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
How to Donate to Charity, Get a Tax Break and Have Income for Life
wsj.com
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Gifts to charitable remainder trusts can provide tax benefits for donors. Discover the power of the Charitable Remainder Trust (CRT) for optimizing your taxes and supporting causes you care about. Convert appreciated assets into an income stream while securing future contributions to your preferred charity. Learn more on how this tax-advantaged strategy works to offer immediate charitable deductions and provide income to the donor or another person. https://lnkd.in/gSTZiUM7
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