With the introduction of tax reform this year, you may be looking at your finances and wondering how you can continue to be charitable. There are many ways you can make a difference for Forgotten Paws Animal Rescue of San Marcos, CA while enjoying financial benefits for yourself.
Here are some smart ways to give in 2018:
Donate appreciated stock. With the stock market at or near all-time highs, give your appreciated stocks to a non-profit like Forgotten Paws Animal Rescue and eliminate capital gains tax.
Name Forgotten Paws Animal Rescue as a beneficiary of retirement plan assets. These assets remain taxable when distributed to a loved one but are tax-free when given to a non-profit.
Give from your IRA (if age 70½ or older). Regardless of whether you itemize your taxes, this gift helps you fulfill your required minimum distribution and is not considered taxable income.
Gifts of real estate. Many real estate markets are enjoying gains. Appreciated real estate may be subject to capital gains tax unless donated to charity or transferred to a charitable trust.
Forgotten Paws Animal Rescue Tax ID Number is 27-1786640.
If you would like to talk further about how you can help Forgotten Paws Animal Rescue, please contact us today!