How blessed we are to live in a country that makes the act of giving thanks a national holiday! One of my many favorite things about being a part of the Verisail Partners team is helping to facilitate our clients’ generosity to others. So many of you give every day of your time and talent and at this time of year, giving of your treasure can be tax advantageous as well!
At the age of 70½ you can give Qualified Charitable Distributions from an IRA, which can lower your taxable income while helping others. In addition, donating appreciated stock can help make a real impact on a charity while helping you to save on capital gains taxes. The IRS provides a wealth of information on how to make tax advantaged charitable donations.* Partnering with your financial advisor and tax professional can help make this season of giving one that will benefit others for years to come! At Verisail Partners, we are thankful for each and every one of you!
*https://www.irs.gov/charities-non-profits/charitable-contributions