It’s well-known that giving money to charity can be beneficial both in the short and long term.
Discover how CRTs offer tax advantages, efficient wealth transfer, and greater philanthropic impact, particularly in high-interest rate environments.
The Power of Charitable Remainder Trusts (CRTs) in High-Interest Rate Environments Read More »
Discover how to give a scholarship and get a tax write-off. Learn the benefits of scholarships and understand the tax implications.
How to Give a Scholarship and Get a Tax Write-Off Read More »
What does the Bible say about taking care of widows and orphans? James 1:27 summarizes it well – “Religion that God our Father accepts as pure and faultless is this: to look after orphans and widows in their distress and to keep oneself from being polluted by the world.” This verse emphasizes the importance of
3 Practical Ways to Care for Widows and Orphans Read More »
You can deduct tithes on your tax return, but should you? Here is a CPA’s perspective on taking a charitable deduction for tithes.
Should You Claim Your Tithes as a Tax Deduction? Read More »
Many wealthy families set up a charitable vehicle to carry out their philanthropic legacy. Often, these families choose the private foundation as their vehicle of choice. For instance, the Gates Family, Rockefeller Family and other billionaire families created a private foundation to carry out their philanthropic endeavors. Even so, the Metaverse leaders deviated from the
6 Things to Know About Charitable LLCs Read More »
When giving is part of your tax strategy, you want to make sure each charitable contribution is eligible for a tax deduction.
Charitable Contributions: Your Guide to Tax Deductible Donations Read More »
It’s the moment you’ve been waiting for. The price of Bitcoin hits six figures. Your patience finally pays off and you become a millionaire. You cash in your Bitcoins to reap your financial benefits and – boom! Hello, capital gains tax. Now, let’s back up for a second. Ideally, before you engage in any taxable
Here’s What You Should Know Before Donating Cryptocurrency Read More »
