You are already bringing hope and transforming lives together with ChildHope!
And today your choice of strategic year-end giving options can do even more — and yield a tax advantage for you, too.
Of course, we know taxes aren’t the reason you give. You give so children can come to know Jesus and rise out of poverty. But wise stewardship can enable you to help more children.
Some tax-wise options for giving:
- A rollover gift from your IRA. If you are age 70½ or older, you can make a charitable rollover gift from your IRA of up to $100,000 without adding a penny to your taxable income! Plus, an IRA rollover offers similar benefits to itemization, which you may or may not qualify for under current tax laws.
- A gift of appreciated property or stocks. If you have held an asset for more than one year and it has appreciated in value, you may be able to donate it by December 31 and avoid capital gains taxes — in addition to receiving a charitable gift tax deduction.
- An outright gift of cash. This may be applicable to your 2019 taxes when dated and postmarked (or given online) by December 31.
To learn more about tax-wise giving before the year’s end, please talk to your personal financial advisor — or contact Regina Rogers at 417-862-8500 ext. 111 or firstname.lastname@example.org.
[From the December 2019 issue of ChildHope’s Compañeros publication.]