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Charity & Taxes: What You Should Know 💡 Donating to charity is generous, but keep in mind that tax deductions may not apply to everyone, especially if you're not donating substantial amounts. While most people won’t see a significant deduction, larger contributions can have a bigger impact on your taxes. Always give from the heart, and for bigger donations, be sure to consult with your tax planner! #WiggsCPA #TaxTips #CharitableGiving

Donating to charity can give you a case of the warm fuzzies. It may even qualify as a tax deduction unless it’s your time you donate. The value of your time or services that you give to charity can’t serve as a deduction. You do get to keep the warm fuzzies, though. Visit broussardpoche.com today to get all your business tax deduction questions answered. #BroussardPoché #BusinessServices #TaxDeductions #YourFirmForALifetime

Did you know $75 can provide a session with a qualified Financial Inclusion Officer to teach families budgeting skills to help them manage their weekly costs? Will you help people in financial crisis? Please make your tax-deductible donation today, before 30 June to help families doing it tough >> https://lnkd.in/gpRnrYfp #costofliving #costoflivingcrisis #financialcrisis #personalfinance #budget #counselling #EOFY #taxtime #taxdonations #2024tax #donate #neverseeaneed #MaryMacKillopToday

Donating to charity? Don’t miss out on valuable tax deductions! A recent case saw a business lose a $5.22M deduction due to missing IRS documentation. Make sure your donations meet all IRS substantiation requirements to avoid losing your deduction: https://ow.ly/BUWm50TFtCm #TaxTips #CharitableGiving #IRSCompliance #VasquezInsights

Section 80G of the Income Tax Act allows you to claim tax deductions on donations to recognized charities, making your contributions even more impactful. Enjoy deductions of up to 100% depending on the organization, while supporting causes that matter. Read more: https://lnkd.in/gjNzHFe3 #TaxBenefits #Section80G #Charity #IncomeTax #TaxDeduction #FinancialPlanning #TaxSavings #SupportCharity #IndiaTax #TaxTips #ChennaiAccounts

If you plan on giving to charity before year-end, consider a gift of appreciated assets. Some things to keep in mind: 1. The asset must be long-term (held for more than one year) to deduct the full fair market value. 2. Not all charities can accept non-cash gifts, so confirm with the organization before proceeding. In need of financial planning assistance? Give me a call! 530.269.4029 [email protected] #GatewayFinancialPartners #BenchOfLife #CharitableGiving #FinancialPlanning #PersonalFinance #Gifting #Taxes #TaxPlanning

🌟Maximise Your Charitable Impact and Tax Savings This Financial Year! 🌟 As the end of the financial year approaches, strategic charitable giving can significantly benefit both your favourite causes and your tax situation. 📉💰 With potential tax cuts on the horizon, consider establishing a sub-fund within a public ancillary fund. This allows you to consolidate multiple years' worth of donations, maximising your immediate tax deductions while ensuring your chosen charities receive continued support. 🎁 Make your contribution by June 30th to take full advantage of this year's tax benefits. Plus, streamline your giving with the convenience of managing all your charitable donations through a single account. 🗂️

Do you ever wonder if your business can receive a tax deduction for donating inventory? Whether you're a small business or a large enterprise, understanding the nuances surrounding charitable contributions is vital. Explore our latest blog to learn more and explore why LiquiDonate might be the solution you are looking for: https://lnkd.in/gnAURTgB #BusinessTips #TaxDeductions #CharitableGiving #InventoryDonation

𝗚𝗶𝘃𝗶𝗻𝗴 𝘁𝗼 𝗰𝗵𝗮𝗿𝗶𝘁𝘆 𝗰𝗮𝗻 𝗿𝗲𝗱𝘂𝗰𝗲 𝘆𝗼𝘂𝗿 𝘁𝗮𝘅 𝗯𝗶𝗹𝗹. 𝗪𝗵𝘆? The charitable deduction exists to incentivize giving to organizations providing public services. Since Americans tend to have variable income, donating in the good years allows you to maximize tax benefits, deducting up to 60% of your income for cash donations or 30% for assets like stocks. And so the benefits of putting money aside for charity in those good years is not only do you get the tax deduction, but you get the tax deduction when it's the most valuable. #CharitableDeduction #TaxBenefits

Charitable giving is a powerful way to make an impact with your money. 💖 Donating to causes you care about not only helps those in need but can also offer tax benefits for you. 🏦 Consider options like direct donations, establishing a charitable trust, or gifting through your will to maximize your impact while aligning with your financial goals. 🌍 Let’s create a giving strategy that reflects your values and makes a difference. Click the link in bio to book a discovery call today. 📱 613.728.0101 📧 [email protected] 🌎 https://lnkd.in/g9ih4rPt #CharitableGiving #MakeAnImpact #TaxBenefits #GivingStrategy #FinancialPlanning #WealthManagement #GiveBack #CharitableTrust #LegacyPlanning #AlignWithValues