Charitable Contributions - October 2016

Charity

TAX INCENTIVES

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Basics

DISCLAIMER:  This is for general information only and is not a substitute for professional tax advice.

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BasicsDonating Stocks

DISCLAIMER:  This is for general information only and is not a substitute for professional tax advice.

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BasicsDonating StocksDirect From IRAs

DISCLAIMER:  This is for general information only and is not a substitute for professional tax advice.

https://www.youtube.com/watch?v=_u6bGDgtuzo

Click here for the narratedversion of this deck on

Takes about 4 minutes.

BASICS

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ITEMIZEDDEDUCTION

BASICS

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GENERALLY50% AGI

LIMITATION

BASICS

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SOMETIMES30% AGI

LIMITATION

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APPRECIATEDSTOCK

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CAPITALGAIN?

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> 1 YEAR=

CAPITAL GAIN

NOT CAPITAL?

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DEDUCTION=

LCM

CAPITAL?

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FMV

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DEDUCTIONWITHOUTINCOME

BASICS

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GENERALLY50% AGI

LIMITATION

CAPITAL GAIN PROP

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GENERALLY30% AGI

LIMITATION

OPTION

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DEDUCT BASISFOR 50% AGILIMITATION

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DIRECTFROM

IRA

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CASHFROM

IRA

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WHY?

SATISFIESRMD

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NOTTAXABLE

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NOTDEDUCTIBLE

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Not TaxedBENEFITS

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Not TaxedPhaseouts

BENEFITS

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Not TaxedPhaseouts

Standard Deduction

BENEFITS

R e c a p o f w h a t w e c o v e r e d :

Itemized; 50% AGILimit

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R e c a p o f w h a t w e c o v e r e d :

Itemized; 50% AGILimitFV Deductions

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R e c a p o f w h a t w e c o v e r e d :

Itemized; 50% AGILimitFV DeductionsDirect From IRAs

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