Reduce it next year with strategies that help advance our mission:
Get low: Use your charitable deduction: If you itemize your deductions, you can write off a large chunk of your contributions.
Use the charitable IRA “rollover”: 70 ½ or older? Designate up to $105k per year to be distributed directly from your traditional IRA to charity!
Buy Low, Give High: Donate appreciated stock — receive a deduction based on its fair market value and avoid capital gains tax.
Stocks down? Sell them, take capital loss against other gains in your portfolio, then donate the proceeds. A great way to combine financial planning and charitable objectives.
Make a gift to St. Joseph’s Hospitals Foundation that pays you back: If you set up a charitable remainder trust or gift annuity by December 31, you can get a charitable deduction and secure a steady income stream for life.
Make a difference today and save on your taxes tomorrow! |