Premier Wealth Planning, Inc. New York’s Post

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

"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

When it comes to philanthropy and supporting charitable causes, most people think of cash donations as the primary way to give back. However, there’s a strategic and tax-efficient approach that can benefit both you and your chosen charity – gifting appreciated stocks or other assets. 🔗 Click on the link below to explore the advantages of this giving strategy. https://bit.ly/3PjysF8 #NewArticle #CharitableGiving #GivingStrategy #AffirmWealthAdvisors

Did you know? Contributing to charity not only makes a difference but can also ease your taxable income. Whether you're a seasoned donor or considering giving back, we've got tips to maximize your tax deductions through charitable donations. https://lnkd.in/dhi5sDGz Embark on your giving journey with GfG, where every donation counts. #TaxSmartGiving #GfGImpactfulGiving #taxexemptions #Section80G #donation #charity #giving

🌞 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

Want to make a lasting social impact while saving on your taxes? Discover the power of charitable giving as part of your estate plan! Whether through cash or in-kind donations, there are substantial benefits for both you and your chosen charity. Learn more about these strategies and how to optimize them for your estate plan by registering for a complimentary consultation with our MacMillan experts here: https://bit.ly/40tRayr #CharitableGiving #MacMillanEstatePlanning 

Thinking about giving to a worthy cause or helping a loved one financially? It can help to know how your generosity can affect your taxes! Discover the key differences between charitable donations and personal gifts, how to confirm a charity’s tax-deductible status, and why keeping accurate receipts is essential. Learn more here: https://lnkd.in/e8cdc_Ry #donations #charity #taxdeductions #taxfreegifts #tax #nonprofit

🌞 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

"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

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