May 2024

Uncover these philanthropy tax benefits for high-net-worth individuals and start maximizing your impact today.

Tax Benefits of Philanthropy for High-Net-Worth Individuals

Wealth Management / Eric M. Solve, CFP®, EA

In the realm of wealth management, philanthropy is not only a testament to one’s values but also a strategic component of financial planning. For high-net-worth individuals, charitable giving can be a fulfilling way to contribute to societal well-being while also benefiting from significant tax advantages. Understanding the interplay between philanthropy and tax planning can help you maximize the impact of your contributions, both for your chosen causes and your personal financial landscape. Below, we’ll discuss the philanthropic tax benefits you might enjoy when you give back in intentional and strategic ways.

…

Tax Benefits of Philanthropy for High-Net-Worth IndividualsRead More »

Tax Benefits of Philanthropy for High-Net-Worth Individuals Read More »

Wealth Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. Separate from the wealth management plan and our role as wealth advisors, we may recommend the purchase of specific investment or insurance products or account. These product recommendations are not part of the wealth management plan and you are under no obligation to follow them. Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.