Ep #248 - I’d Like to Give More to Charity. How Can I Reduce My Taxes by Doing So?

Grow Money Business with Grant Bledsoe

Mailbag Question:

“I’d like to give more money to a couple different charities this year, but my tax person said it wouldn’t help my taxes. Is there a way I can make a gift that reduces my taxes?”

Intro:

“There are a ton of different ways to give to charity, but not all of them will help you on your taxes. This week we cover a listener question about tax efficient charitable giving, and when it will or will not help you.”

Resources:

Donor-Advised Funds (DAFs): What They Are and How They Work

nerdwallet.com/article/taxes/donor-advised-funds

Qualified Charitable Distributions (QCDs)

fidelity.com/building-savings/learn-about-iras/required-minimum-distributions/qcds

The New Etiquette of Negotiating With Your Real-Estate Agent

wsj.com/personal-finance/the-new-etiquette-of-negotiating-with-your-real-estate-agent-1ff585c7