Supporting charitable organizations has been an important activity since the founding of our country. While the tax code encourages charitable contributions by providing certain tax benefits, those benefits have undergone changes that complicates compliance and greatly impacts strategies for the efficient support of charities. In this session we will discuss what you need to know to navigate the turbulent waters of charitable contributions.
Topics covered will include:
•The general requirements for the charitable contribution deduction
•Public charities vs. private foundations
•Use of donor advised funds
•Issues related to donations of property and conservation easements
•Strategies for maximizing tax deductions