A recent New York Times article referred to Donor Advised Funds as being a ploy for the rich to use to evade tax. The truth is the opposite – donor advised funds are a very good charitable giving vehicle for all donors.
Charitable planning has always been an important aspect of estate planning and tax planning. Now a new Indiana tax credit has gone into effect..
Strategic business planning requires an annual valuation of business interests.
Charitable Remainder Unitrusts offer tax benefits to the donor. More important – a CRT helps with the now and the later.
Combining RMDs with charitable gifting can lead to major tax savings.
The timing of charitable gifts can make a big difference in both tax planning and gift impact.
The SECURE Act has deferred the time when mandatory withdrawals must be taken from IRA accounts. Still, Qualified Charitable Distributions may be made beginning with the account holder’s age 70 1/2.
Sarah Weaver of the Central Indiana Community Foundation shares insights into charitable gift planning and donor-advised funds.
It is very effective to give money to charity through an IRA distribution sent directly to that charity. Your Required Minimum Distribution is thus turned into a Qualified Charitable Distribution.
2021 happens to be an especially good year for charitable planning. Two tax breaks first signed into law last year are available once again this year.
