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It's a winning combination.
By donating your appreciated
asset before the sale
– rather than selling first
and then donating the
proceeds – less money goes
to the government in taxes,
more money goes to the
charities you care about,
and more money stays in your
pocket.
You get a larger charitable
deduction on your income
taxes (which saves you money
personally), and you avoid
paying capital gains taxes
(which sends more money to
charity, rather than the
Federal government).
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Selling
first,
then
giving |
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Giving
before
the sale |
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Your charitable
deduction: |
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|
|
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Capital
gains taxes
owed: |
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$0 |
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Total
tax
savings: |
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|
|
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Amount
that
goes to
charity: |
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|
|
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By gifting your asset
prior to selling, your
tax savings increases by
, you avoid writing a
check to the IRS for
and
more goes to good work!
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We strongly urge that
you consult with your
attorney, financial
advisor, insurance agent
and/or tax advisor to
review and approve this
complimentary
educational
information. This
information in no way
constitutes legal
advice. It is not
intended to analyze your
particular situation but
is broadly educational
in nature. We gladly
will work with your
independent advisors to
assist in any way.
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