With the introduction of tax reform, you may be looking at your finances and wondering how you can continue to be charitable. There are many ways you can make a difference at A New Leaf while enjoying financial benefits for yourself!
Here are some smart ways to give in 2018:
Donate appreciated stock: With the stock market at or near all-time highs, give your appreciated stocks to a nonprofit like A New Leaf and eliminate capital gains tax.
Name us as a beneficiary of retirement plan assets: These assets remain taxable when distributed to a loved one but are tax-free when given to a nonprofit.
Give from your IRA (if age 70½ or older): Regardless of whether you itemize your taxes, this gift helps you
fulfill your required minimum distribution and is not considered taxable income.
Gifts of real estate: Many real estate markets are enjoying gains. Appreciated real estate may be subject to capital gains tax unless donated to charity or transferred to a charitable trust.
Please consult with your tax or financial advisors to determine the best charitable giving strategies for you.
We are so grateful for your generosity.