Archive for December 2022
Quiz: How many charitable giving questions can you answer correctly?
Question 1: What deduction can you take when gifting property to charity? a. The purchase value of the property b. The property’s fair market value c. The value of the property minus depreciation Answer: b. The allowable deduction is generally equal to the fair market value of the property. Under certain circumstances, the deduction for…
Read MoreTalking to family about charitable giving
From choosing the right causes to navigating different perspectives, your family’s approach to charitable giving can be a team effort that requires collaboration. To help you navigate these conversations, we’ve rounded up several strategies you can use to talk about charity with your loved ones. Start a Conversation Giving back is done best when there…
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