Jake Menden ChFC® CLU®’s Post

Ever wondered what a 501(c)(3) organization really is? 🤔 It's more than just charities and churches! 🌟 These nonprofits, including private foundations, are driven by a dedicated mission to make a difference. 💫 Enjoying tax benefits like exemption from federal income and unemployment taxes, they focus on supporting their cause. 📜✨ DM me to learn more or get help with your application! #501c3Explained #NonprofitMission #TaxBenefits

The rise of online fundraising has made it easy for us to contribute to the causes we care about. And not only do we get to give to those in need, but we can also count our donations as tax write-offs, right? Well, not so fast. Contrary to popular belief, not all online charitable contributions can be claimed as tax write-offs. So, how do you know what’s tax deductible and what isn’t? Well, we’re here to help you figure that out. LINK: https://lnkd.in/g9XsFByy

You’ve experienced it firsthand…money, power, and sense of self worth are tightly bound (#aka, you're a major gift fundraiser). #akamajorgifts #majorgifts #money #power #selfworth #selfaware #fundraising

You’ve experienced it firsthand…money, power, and sense of self worth are tightly bound (#aka, you're a major gift fundraiser). #akamajorgifts #majorgifts #money #power #selfworth #selfaware #fundraising

Some universities and major hospitals have huge endowments while your local shelter may struggle to keep its doors open. Sometimes finding smaller charities with bigger needs may increase the impact of your donation. Donating stock can provide potential tax benefits, especially if you have owned the securities for at least one year. While cash gifts are generally deductible up to 60% of adjusted gross income, the actual tax savings may vary based on your tax bracket and state taxes. Click below to read more! https://lnkd.in/eGaJQM4c

📢 Did you know? Donations to the NFED are tax deductible! As tax day ends, consider making a difference while maximizing your tax benefits for next year. Your support helps empower individuals and families affected by ectodermal dysplasias. #TaxDay #Donate #NFED #TaxDeductible

The rise of online fundraising has made it easy for us to contribute to the causes we care about. And not only do we get to give to those in need, but we can also count our donations as tax write-offs, right? Well, not so fast. Contrary to popular belief, not all online charitable contributions can be claimed as tax write-offs. So, how do you know what’s tax deductible and what isn’t? Well, we’re here to help you figure that out. LINK: https://lnkd.in/g9XsFByy

The rise of online fundraising has made it easy for us to contribute to the causes we care about. And not only do we get to give to those in need, but we can also count our donations as tax write-offs, right? Well, not so fast. Contrary to popular belief, not all online charitable contributions can be claimed as tax write-offs. So, how do you know what’s tax deductible and what isn’t? Well, we’re here to help you figure that out. LINK: https://lnkd.in/gBv8t4QC

One of our favorite things to help people with is giving their money to people in need. What makes this strategy really cool is that it’s one of the only ways you can get more tax deductions for doing basically the same thing you’re already doing. You give the same amount, to the same charities, at the same time you normally do. But by using an account called a Donor Advised Fund, we play around with the timing of those donations and the itemized/standard deduction tax rules to make the numbers play into your favor for the IRS.

https://lnkd.in/eirvhuUP What are the tax benefits for charitable giving? I joined Cheddar News this week to talk about just that! You can use the link below to watch the full segment and to find out more, you can visit - https://lnkd.in/eFwv8Nd #NotYourAverageAdvisor #CheddarNews