The Season of Giving

Giving Tuesday was this week and we are entering the most charitable time of the year. What do you need to know about charitable giving and taxes?

 

Read and get additional financial information: https://doncashpodcast.com/podcast/the-season-of-giving/

 

What we discuss: 

4:09 - Itemized deductions vs. standard deductions

8:20 – Allowance of $300

9:39 – RMDs and giving

12:14 – What if you are under 70 and a half?

13:45 – Donating appreciating stock or real estate

16:04 – Estate planning standpoint

18:22 – Cash connection question

 

More Resources: 

https://www.pe.com/2021/11/07/gift-money-now-before-estate-tax-laws-sunset-in-2025/

https://www.forbes.com/sites/ashleaebeling/2020/12/22/new-bigger-charitable-tax-break-for-2021-in-year-end-spending-package/?sh=56747c5a5710

https://www.kiplinger.com/taxes/tax-deductions/601993/charitable-tax-deductions-an-additional-reward-for-the-gift-of-giving

https://www.kiplinger.com/taxes/603773/5-year-end-moves-to-help-retirees-trim-their-tax-bill