Charity:
Give and Receive
Whether it’s supporting your alma mater, helping with disaster relief, or financially contributing where you volunteer, charitable giving is one of the best holiday traditions and an easy way of reducing your taxable income.
Tip:
Double your tax benefits by donating appreciated stock or property. You’ll get a deduction for the full market value and avoid taxes on the capital gains.
These tips have been provided for informational purposes only and should not be considered as investment or tax advice or as a recommendation of any particular action. This material provides general information only. EarthFolio does not offer tax advice, and these tips should not be relied upon as tax advice. Each investor?s circumstances are different, and you should consult with your accountant to discuss any potential tax implications with respect to your particular financial situation.
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