Ep #248 - I'd Like to Give More to Charity. How Can I Reduce My Taxes by Doing So?
Description
Mailbag Question:
"I'd like to give more money to a couple different charities this year, but my tax person said it wouldn't help my taxes. Is there a way I can make a gift that reduces my taxes?"
Intro:
"There are a ton of different ways to give to charity, but not all of them will help you on your taxes. This week we cover a listener question about tax efficient charitable giving, and when it will or will not help you."
Resources:
Donor-Advised Funds (DAFs): What They Are and How They Work
nerdwallet.com/article/taxes/donor-advised-funds
Qualified Charitable Distributions (QCDs)
fidelity.com/building-savings/learn-about-iras/required-minimum-distributions/qcds
The New Etiquette of Negotiating With Your Real-Estate Agent
wsj.com/personal-finance/the-new-etiquette-of-negotiating-with-your-real-estate-agent-1ff585c7
United States
