Advanced giving strategies: getting tax deductions worth as much or more than your gift
Tuesday, October 20th, 2009
I mentioned I was able to participate in a meeting with about a dozen fairly high-end charitable givers. Our host at the meeting told us about a giving strategy that he and his family have begun pursuing in the last few years, a strategy that can “pay back” in tax deductions as much as or even more than whatever you gave.
I thought it was well worth mentioning this strategy just in case you find yourself in a position to make donations of, say, a hundred thousand dollars or more and you’re not yet at the point where you are giving 50% of your AGI (Adjusted Gross Income) to charity.
This strategy could multiply your ability to give. Read the rest of this entry »
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charitable donations, charitable giving, real estate, tangible personal property, tax deductions, tax planning
