Charitable Giving

The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning. For example, a charitable remainder trust (CRT) can be a great way for taxpayers like you to leverage your generosity, producing tax savings that can be used to provide greater benefits to yourself, your spouse, or others, and then to your favorite charities. Tax savings are generated because you’ll receive income, gift, and estate tax deductions for the value of your donations, and can defer or avoid capital gains tax when appreciated assets are donated. We can help you navigate charitable giving and avoid potential issues, such as helping you be sure you’re dealing with a reputable charity (there are a lot of scam artists impersonating reputable charities with bogus websites, emails, phone calls, and social media posts!).