Forbes has published an article, “Two Powerful Charitable Giving Strategies—Compared,” which clarifies to readers the difference between choosing the appreciated securities or an IRA. The article begins as follows:
The 2017 tax law, with its huge standard deduction, did serious damage to the tax benefits of philanthropy: Now, for a lot of taxpayers, cash donations don’t cut any ice on a tax return.
There are two countermoves. One, for donors who are old enough, is to use an IRA to fund charitable donations. The other, good at any age, is to bunch several years of donations into a single large contribution to a donor-advised charitable fund.
To view the full article, click here: “Two Powerful Charitable Giving Strategies—Compared”
Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.
