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Charitable Giving: Year-End Tax Tips You Should Know
Source:
foxbusiness.com
- Dec 12, 2016
Year-end tax planning often involves doing things to reduce your tax bill, and one easy way to get a tax break is to make gifts to charity.
In this segment of Industry Focus: Financials Opens a New Window. , Motley Fool analyst Gaby Lapera talks with Dan Caplinger, the Fool's director of investment planning, about various methods of charitable giving. In particular, as Gaby and Dan discuss, gifts of appreciated stock can not only give you an itemized deduction but also help you avoid having to pay capital gains tax. Just be sure to give only to legitimate charities, and you'll get the tax breaks you deserve.
A full transcript follows the video.
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Category: IRS
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