Underutilized Tools
Charitable giving in financial planning can be tax-efficient and fulfilling. For IRA holders, donating up to $100,000 directly to charity from Required Minimum Distributions can avoid income tax and meet distribution requirements. Clients with low-cost basis company stock can benefit from donating to donor-advised funds, avoiding capital gains while receiving a tax deduction. These strategies allow for meaningful contributions to charities while optimizing financial benefits.
Do you incorporate charitable giving in your financial plans?
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