Insurance: Special Planning Strategies and Considerations
Did you know you can use life insurance for special planning strategies such as charitable giving or business continuity? Learn more in this Insurance Tip.
Eight Tips to Help You Determine if Your Gift Is Taxable
Feeling generous? Gifting money or property? Read our eight tips to determine if your gift is taxable in this week’s Tax Tip.
Documenting Charitable Contributions
Placing a bill or two in your church’s collection plate? Better get a receipt if you want a tax deduction. Learn more in this Tax Tip.
In the News: Charitable Giving
Giving to charity this holiday season? Ensure your generosity goes far by checking out your charity first. We explain in this Marietta Daily Journal blog post.
Is it possible to name a charity as the beneficiary of my life insurance policy?
Love giving to your favorite charity? Consider making them the beneficiary of your life insurance policy. Learn more in this Insurance tip.
Year-End Charitable Giving
Charitable giving can be enhanced using income tax deductions. Consider including it as part of year-end tax planning. Learn more in this Tax Tip.
Tax-Free Distributions to Charity
Taxpayers age 70½ or older are allowed a qualified charitable distribution (QCD), which lets you to direct your IRA trustee to make a distribution, up to $100,000, directly from your IRA to a qualified charity. This QCD fulfills the required minimum distribution for the year.
Tax Strategist: Substantiation Requirements for Cash Charitable Donations
If you plan to take charitable deductions on your taxes, note the IRS requires written substantiation of your donation. For more, read this week’s Tax Tip.
Charitable Giving—Gifts of Appreciated Property
If you are gifting property or stocks, your deduction depends on whether the property is ordinary income property or capital gain property.