Showing posts from May, 2022

Tax Saving Tips: May 2022

  Tax-Saving Tips   May 2022   Donor-Advised Funds: A Tax Planning Tool for Church and Charity Donations   Do you give money to 501(c)(3) charities?   Do you get a tax benefit from those donations?   Recent changes in the tax code have done much to destroy your benefits from church and other tax-deductible 501(c)(3) donations. But there’s a way to donate the way you want, get revenge on the tax code, and realize the tax benefits you deserve.   This get-even tool is the donor-advised fund, an increasingly popular way to donate to your church and other 501(c)(3) organizations. Indeed, donor-advised funds have exploded over the past few years, with over one million donor-advised fund accounts in existence as of 2020.   Example. You donate $100,000 to the fund today. You get the $100,000 deduction now. From the fund, you donate $10,000 a year to a charitable organization (probably more as your money in the fund grows tax-free).   National investment firms s