Sled Island Music & Arts Festival’s Post

Dogs, Cats, and DAFs, Oh My! Today marks the first-ever DAF Day. ARL is pleased to accept donations from Donor-Advised Funds (DAFs) through Chariot. Donate through your DAF at https://lnkd.in/dgvC8ZF3 or contact your DAF manager. #DAFDay   What is a DAF? DAFs are like charitable savings accounts that offer a convenient way for you to give. It is managed by a charitable sponsor of your choice, and you instruct when and where to make distributions to nonprofits like ARL. They offer tax benefits that are different from cash gifts. . . . . Image description: a white cat with the text “Dogs, Cats,and DAFs, Oh My! Donate through your Donor-Advised Fund”

When giving to charity, some make cash donations. Others want a more sophisticated strategy. In 2022, Americans donated $499 billion to charity, driven by a desire to support causes they care about or to leave a legacy. Donation methods include direct gifts, charitable gift annuities, pooled-income funds, gifts in trust, and donor-advised funds. Please consult legal or tax professionals for specific information regarding your individual situation. #CharitableGiving

Are you 70 ½ or older with an IRA? Did you know you can donate directly to charity through a Qualified Charitable Distribution (QCD) and potentially reduce your taxable income? It's a win-win! You support causes you care about AND benefit from tax advantages. Here's how it works: You can donate up to $100,000 annually from your IRA directly to a qualified charity like the Henry County Community Foundation. The donation is excluded from your taxable income, potentially lowering your tax bracket. Ready to learn more? #Makeadifference #QCDs #Givingback

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

Did you know? Charitable donations don't just make a difference - they can also lower your taxable income! Learn more on how these deductions work here: https://ow.ly/iiL250Tegub 🌟💸 #CharitableGiving #TaxSavings #CommunityImpact

Our charity golf tournament with Bahamas Feeding Network is officially less than two months away! By making a donation to Tee Off For Hunger, you are automatically qualified for a 501 tax break.  501(c)(3) tax breaks play a significant role in charitable donations by offering donors a financial incentive to contribute. Donations to 501(c)(3) organizations, which are recognized as tax-exempt under the Internal Revenue Code, are often tax-deductible. This means that individuals and businesses can reduce their taxable income by the amount donated, effectively lowering their tax liability. This incentive encourages philanthropy, helping non-profits secure funding for their missions. This symbiotic relationship supports charitable initiatives by organizations such as the Bahamas Feeding Network. Donate here: https://lnkd.in/e_5-Vthx #bahamasluxuryrealestate #bahamasfeedingnetwork #charitygolftournament #betterhomesandgardensrealestate

With just a few months left in the year, now is the perfect time to start maximizing your charitable contributions and make a real impact. To get the most out of your donations, be sure to give to qualified organizations so your contributions are tax-deductible. Remember to keep receipts or acknowledgment letters for any donations over $250—they’re essential for claiming your deduction. Also, consider donating appreciated assets like stocks, which can offer even greater tax benefits. Ready to make the most of your charitable giving? Contact us to learn more! https://lnkd.in/eSHZifFV

🌟 You want your charitable donations to be as effective as possible when you give. 📈 Are you aware that the fastest-growing charitable giving vehicles in the U.S. are Donor-Advised Funds (DAFs) and Qualified Charitable Distributions (QCDs) because they're some of the easiest and most tax-advantageous ways to give to charity? 💡 Learn how they could work for you. 🤝 See how you can get a tax deduction through your donations. 🌐 https://lnkd.in/gQMr9KvK

I did have one follow up question for you. Are you familiar with New Pathways for Youth?    They are an amazing local non-profit that helps kids who have had significant adverse childhood experiences by pairing them with a mentor. They qualify for the Arizona tax credit and I am helping them raise more through that incredible state program.   Allen introduced me to the organization. He is a mentor and a board member.   The easiest way to explain the tax credit program is that it is a dollar-for-dollar donation given to the charity of your choosing. Why not pick one that you know, right?   As a qualified charitable organization, your donation to New Pathways for Youth qualifies for an Arizona state tax credit. You can donate up to $470 per individual or $938 per couple and receive a dollar-for-dollar return on your state taxes.   Give to New Pathways⁠ (https://lnkd.in/gvqvEki6) If you know of anyone else that could help me raise 100K for these kids thru FREE AZ state tax credits, please let me know!!!

"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