Episode 13. Double Dip Charitable Tax Deductions Before Year End

Tax Reduction Podcast

Jan 11 2024 • 11 mins

Are you looking to maximize your charitable contributions and gain significant tax benefits before the year ends and going forward? Look no further! In this episode, we uncover a powerful tax strategy involving appreciated stocks. Learn how donating stocks held for over 12 months can let you 'double dip' into tax deductions, allowing you not only to avoid reporting income from the stock's gain but also to claim a charitable tax deduction. We'll guide you through the nuances of this strategy, ensuring you leverage these benefits to their fullest.

🔍 What You'll Learn:

  • Appreciated Stock Donations:

Get an in-depth understanding of how donating appreciated stocks can lead to substantial tax benefits.

  • Avoid Capital Gains:

Learn how you can bypass the need to report income from the gains of your appreciated stocks.

  • Charitable Tax Deductions:

Explore how to claim a tax deduction for the full market value of the donated stock.

  • Strategic Timing:

Understand the importance of timing in maximizing your tax benefits before the year-end and going forward!

I've put together this FREE resource for you:

7 Write-Offs Every S-Corporation Business Owner MUST Know
🆓 Download FREE PDF here: https://bit.ly/podcast7writeoffs

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☎️ Schedule your FREE Tax Advisory Session: www.TaxPlanningCall.com

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*Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are a...