Qualified Charitable Distributions (QCDs) – Tax-Efficient Charitable Giving
For people who donate to charity, qualified charitable distributions (QCDs) are powerful giving tools. QCDs can satisfy your Required Minimum Distribution (RMD) and reduce your adjusted gross income, thereby potentially avoiding higher tax brackets and phaseouts of tax deductions. What does this mean for you? Making a qualified charitable distribution can potentially lower the amount […]
Charitable Giving Statistics in 2024
One of the most common questions I receive is, “How much should I be giving?” As with most questions, the answer is “it depends”, but something I’ve found helpful over the years is to be able to point to charitable giving statistics to help with the decision. People like points of comparison. Let’s dive into […]
Donor-Advised Funds: How to Use to Reduce Taxes and Give to Charity
Have you ever wondered if there was a better way to give? Do you get tired of tracking receipts, writing checks, and inputting credit card information on charity websites? I know I did. $100 here, $50 there, and by the end of the year, I’m trying to remember and track down the charities to which […]
