What is a Charitable contribution strategy?
A charitable contribution strategy is a comprehensive tax planning approach that optimizes the timing, amount, and type of assets donated to qualified charitable organizations to maximize tax deductions while achieving philanthropic goals. These strategies include contributing appreciated securities to avoid capital gains taxes, bunching multiple years of donations into high-income years, utilizing donor-advised fund accounts for flexible giving, and coordinating with Tax loss harvesting to generate additional resources for charitable purposes while maintaining investment exposure and maximizing overall tax efficiency.
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