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The Gifting Season: Planning for Charitable Donations

The Gifting Season: Planning for Charitable Donations

| December 05, 2016
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Charitable Donations

‘Tis the season for giving. It’s time for us all to spread goodwill to our friends and family, and consider those who might be less fortunate in the world. Giving back could be one of the most rewarding things you can do.

In the financial world, giving can actually give back. Including charitable donations in your financial plan might not only offset your tax burden, but if set up correctly they can actually help protect your family’s wealth.

Currently, the IRS allows taxpayers to deduct up to 50% of their adjusted gross income when those donations are made to qualified organizations.1

Talk with your family about how you might want to give back this year.

1IRS

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