In this episode, Dan Sipe and Ed Zurndorfer talk about how you can make the most of your charitable donations, and not only give more to the charities you love but be able to receive some additional tax relief when doing so.
FEDLIFE ep.64: How to Make the Most of Your Charitable Donations
As we make our way into another year, many of us know the importance of giving back to those less fortunate. But, many of us do not know about all of the ways you can give to your favorite charity and still follow a well-adjusted budget.
In this episode, Dan Sipe and Ed Zurndorfer talk about how you can make the most of your charitable donations, and not only give more to the charities you love but be able to receive some additional tax relief when doing so.
Dan and Ed Discuss:
- The recent government incentive to encourage charitable giving
- How to receive more tax relief
- How to deduct your charitable contributions in the most profitable way for you and your charity of choice
- Deducting your itemized returns from those who take standard deductions
- The benefits of making charitable donations on your credit card
- Giving the gift of appreciated stocks or mutual funds
- How to get deductions when selling shares to a charity
- Qualified charitable distributions and how you can donate part of your IRA to a charity
- And more
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