Did you know . . .
The recent tax bill that has gone into effect for 2018 has provided some changes for charitable giving. With the new minimum deduction, if you do not itemize your deductions charitable contributions may not be eligible for a deduction when you file taxes.
If finding a tax beneficial way to make a charitable contribution is still important to you there are a few other options:
Gifts of appreciated stock will still provide tax benefits by avoiding capital gains taxes on stock that has appreciated in value when it is donated directly to charity.
Additionally, gifts transferred directly from IRAs remain tax beneficial for donors 70 ½ or older. Gifts of up to $100,000 made directly from the IRA to a charity can be part of a tax free minimum distribution. The best way to determine your most tax beneficial way to donate is to contact your financial adviser.
If you would like information on how to make a gift of stock or an IRA rollover to Family & Children’s Place please contact Larissa Reece at 502-855-6156 or by email at