Tax-Savvy Charitable Giving Strategies
America holds the designation as the most charitable nation in the world. In 2020 alone, U.S. charitable giving totaled $471 billion. Interestingly, 69% of that giving came from individuals.
If you’re reading this article, you’re likely in the habit of giving back – and you probably make your philanthropic decisions based on your values and passions. For most philanthropists, it’s about much more than money. However, even though tax planning probably isn’t your main reason for giving back, don’t overlook the valuable tax benefits you’re entitled to. Here are some tax-savvy charitable giving strategies you can implement.
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