Maximize Your Impact, Minimize Your Taxes!
It’s that time of year again – tax season. While you’re gathering receipts, crunching numbers, and planning for the year ahead, there’s one thing you might not have considered: how charitable giving can help you at tax time.
At Marietta Community Foundation, we are not just about making an impact today – we are a strategic tool for financial planning. Our dedicated team is here to help you navigate the benefits of charitable giving, ensuring your generosity makes the biggest difference for your community and your wallet!
How Giving Can Reduce Your Tax Burden
When you give to Marietta Community Foundation, you may be eligible for tax benefits that allow you to give strategically while maximizing your savings. Here’s how:
Charitable Deductions – Donations to a 501(c)(3) like the Foundation can be deducted from your taxable income, potentially lowering what you owe.
Gifting Appreciated Assets – Have stocks, real estate, or other appreciated assets? Donating them can help you avoid capital gains taxes while supporting local initiatives.
IRA Charitable Rollovers – If you are 70 ½ or older, you can make tax-free distributions from your IRA directly to the Foundation, satisfying your required minimum distributions while giving back to your community. *Donor Advised Funds are currently disqualified for IRA Charitable Rollovers.
Establishing a Donor Advised Fund – A Donor Advised Fund allows you to make a charitable contribution, receive an immediate tax deduction, and recommend grants over time to support the causes you care about. It’s a flexible, tax-smart way to give now and in the future!
The Perfect Time to Plan Ahead
Tax season naturally puts financial planning at the forefront – so why not use this opportunity to set yourself up for future savings while making a meaningful impact? Whether you want to lower your taxable income, establish a Donor Advised Fund, or simply make your charitable dollars go further, our team is here for you!
This year, turn tax season into an opportunity to give smarter, save bigger, and create lasting change. Contact us today and let’s start planning your impact!