Most taxpayers understand that to receive the benefit of charitable deductions, they need to itemize their income tax deductions. Creating a charitable giving strategy can be a great way for taxpayers to save on taxes while benefiting their community. Certain techniques can be used in conjunction with others to maximize the benefit of charitable giving. My friend and colleague Tereina Stidd, an estate planning expert, explains more about these strategies. Read on to learn more.
- Designating a Power of Attorney for Healthcare Decisions - February 7, 2023
- Use a Trust to Protect Your Assets - February 5, 2023
- Charitable Giving and Estate Planning - February 3, 2023