Maximize Year-End Giving with Smart Charitable Strategies
TL;DR Summary
Financial advisors suggest that donating appreciated stock to charity can be a more tax-effective strategy than cash donations, as it avoids capital gains taxes and allows for a deduction of the stock's market value. With the higher standard deduction, fewer taxpayers itemize, but strategies like "stacking deductions" or using donor-advised funds can help maximize tax benefits from charitable giving.
Topics:business#capital-gains#charitable-donations#donor-advised-funds#finance#itemized-deductions#tax-strategy
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