» Charitable Giving

Basics of Income Tax Deductions for Donations to Charitable Organizations

Taking advantage of income tax deductions for donations to charitable organizations gives an individual more control over how his or her money is used. Potential tax money is taken out of the hands of the government and given to charities the donor w…

IRA Gifts to Charity: The Ideal Asset to Gift at Death

As gifts to charity, Individual Retirement Accounts (IRAs) are among the best assets for charitable giving at death.  If you are looking for a way to make a charitable donation, reduce estate taxes, and receive charitable tax deductions on income ta…

8 Strategies for Charitable Giving: Fund Your Favorite Charity While Reducing Your Tax Bill

Charitable giving is a great way to reduce income and estate taxes while increasing your control over how your money is used. When you give to charity organizations in Ohio or nationally, you can take a charitable tax deduction either off your income…

100% Estate Tax Elimination with a Testamentary Charitable Lead Trust or Charitable Remainder Trust

A testamentary charitable lead trust (CLT) or charitable remainder trust (CRT) can be used to totally eliminate estate taxes if the trust is structured properly. By including a formula and specific wording, a testamentary trust can be structured so t…

What is a Bargain Sale to Charity and How is it Used in Planned Giving?

A bargain sale to charity is a way to make charitable contributions of property to charity while getting some of the property value back. The donor sells the property to the charity for a price below fair market value. The charity gets the benefit of…

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