In this brief presentation, I highlight smart, tax-savvy strategies to support the charitable causes you care about. We’ll consider:
- The differences between “itemizing” and the “standard deduction” when filing your taxes as it related to charitable giving
- How Qualified Charitable Distributions (QCDs) can help reduce your Required Minimum Distributions (RMDs)
- The advantages of gifting appreciated assets
- The benefits of Donor Advised Funds
- The importance of thoughtful beneficiary planning.
Of special importance is the portion on QCDs (segment begins at 2.30), which anyone who has attained age 70 ½ can utilize.
If any of these terms sound unfamiliar, that’s all the more reason to watch Smart Giving Techniques! You’ll learn practical ideas that could make your charitable giving more impactful—for both you and the organization(s) you care to support.
At Henry Wealth Management, we exist to help you make smart financial planning decisions, which includes utilizing smart charitable contribution strategies for those interested.
