While tax savings may not be a primary driver for your charitable contributions, being aware of opportunities can help you amplify your impact.
In this episode, Emily K. Diaz, MAcc, CPA, CFP®, of Foster & Motley shares valuable insights on year-end charitable giving, the benefits of planning ahead, and its connection to tax planning. Whether you wish to give to your family, directly to an organization, or through a charitable foundation, you will learn actionable ideas to improve tax efficiency and leave a lasting impact.
Emily also sheds light on an Ohio-specific gifting strategy, where you can capitalize on available tax credits through Scholarship Granting Organizations (SGOs).
Emily shares more about:
- The tax implications of different types of gifts (e.g., cash vs. appreciated stocks)
- Simplified explanation of commonly used strategies, such as donor-advised funds
- The benefits of planning out larger gifts over multiple years
- Navigating the annual exclusion for family gifts
- And more
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