Charitable giving is one of the best year-end tax strategies. Whether it’s your church, school, or favorite nonprofit, make sure your donations are made before December 31st to count for this tax year.
A few tips:
• You can give using a credit card and still claim it for this year.
• Donating appreciated stock is even better — you avoid capital gains.
• If you’re over age 72, you can make charitable gifts directly from your IRA to satisfy your required minimum distribution.
Plan ahead and give wisely — it helps others and can help you save on taxes too.
More strategies at https://markjkohler.com/youtube
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