Cordant Wealth Partners
NOVEMBER 18, 2024
We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made.
Carson Wealth
JANUARY 28, 2025
When you have the resources to make an impact, this type of planning helps you pinpoint what you want to accomplish for your family, community, and society. Steps to Setting Up a Philanthropy Fund Taking the proper steps in the beginning can give your charitable giving plan a solid foundation. Governance risk.
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Carson Wealth
MARCH 21, 2025
Theyre established to benefit charitable organizations, including educational or cultural institutions, community organizations, service organizations such as hospitals, and other nonprofits. Donations to endowment funds are tax-deductible, giving them a place in your overall financial management and tax plan.
Harness Wealth
FEBRUARY 4, 2025
Higher Capital Gains Tax Rate: Long-term gains from collectibles are taxed at 28%, higher than the maximum 20% rate for stocks and real estate. Charitable Donations: Donating collectibles to a qualified nonprofit can provide tax deductions based on fair market value. This article is a product of Harness Tax LLC.
Harness Wealth
JULY 14, 2025
A key consideration, however, is that depreciation recapture, unlike the rest of the capital gain, is generally taxed in full in the year of the sale, even with an installment arrangement. The process involves an investor transferring appreciated real estate into an irrevocable CRT, which then sells the asset tax-free.
Carson Wealth
JUNE 26, 2025
Retirement-related behavioral and financial changes raise many tax planning questions and opportunities. A trusted tax professional can help you implement these and other strategies to help you minimize taxes in retirement, helping your money last longer and you realize your goals.
Carson Wealth
NOVEMBER 3, 2022
While most of us think of making donations to nonprofits in cash, there are other advantageous ways to support an organization. While it’s always a good time to be generous, there are some years you might find it even more beneficial to achieve a tax deduction. Donate valuable assets that aren’t cash.
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