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Charitable giving tips to save taxes and benefit causes
A tax expert outlines charitable giving options including deductions for nonitemizers, donating appreciated stock, and using a Charitable Remainder Trust CRT. It explains timing via credit card contributions, benefits of long term stock donations, and how CRTs can provide income while reducing estate taxes with guidance on costs and setup.
MENTIONED IN THIS ARTICLE
Bill Thomas
R-Calif
Red Cross
American Heart Association
Ginger Applegarth
Trusts and Estates
IRS