Uncommon
Charitable Donations
Support qualified causes while potentially reducing taxes.
About this strategy
Contributions to qualified charitable organizations may provide a tax deduction when applicable requirements are met. Donations can include cash as well as certain property, and donating appreciated assets may create additional planning opportunities in some circumstances. Deduction limits, valuation requirements, documentation rules, and the taxpayer's ability to itemize can all affect the ultimate tax benefit.
Implementation resources
Slides, templates, and supporting videos.