Year-End Tax Information
Establish a Donor Advised Fund
|To itemize deductions on your 2022 tax filing, your deductions must exceed $12,950 for an individual or $25,900 for married couples filing jointly. To meet this threshold, you can use a Donor Advised Fund (DAF) to condense several years of charitable giving and gain the maximum tax benefit allowed.
Using Your IRA RMD to Make Charitable Contributions
Contribute Appreciated Non-Cash Assets
- An effective strategy to maximizing charitable giving while minimizing taxes is donating appreciated stock.
- Appreciated stock gifted to CFNLA is exempt from capital gains tax.
- There may even be advantages to selling stocks at a loss and donating the sale proceeds. We recommend you discuss this with your tax advisor.
CFNLA recommends donors discuss all giving strategies with a tax advisor.
Click here for more information about charitable fund types or other ways to make your year-end charitable impact.