Tax Avoidance

Bunching Charitable Contributions For Lower Taxes

[As with anything tax-related, see my disclaimers.] Reviewing the 2017 changes to the federal income tax laws brought me back to a conversation I had years ago with a coworker, who I’ll call Jason. Jason suggested that alternating between taking the standard deduction and itemizing my deductions could reduce my taxes. Come again? To understand… Continue reading Bunching Charitable Contributions For Lower Taxes

Tax Avoidance

Tax Savings Through Gifting Securities

[As with anything tax-related, see my disclaimers.] If you are currently making charitable contributions using cash, you’re doing it wrong. You can save save big tax bucks by instead gifting securities with appreciated long-term capital gains. Money is Fungible If I have $100 cash and $100 stock, I could choose to either gift the cash… Continue reading Tax Savings Through Gifting Securities