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Non-Deductible Gifts That Save Taxes Anyway
Gift planners have become adept at explaining the tax advantages of Qualified Charitable Distributions, even though there is no income tax charitable deduction involved. But are there advantages for other non-deductible charitable contributions?
Perhaps surprisingly, the answer is yes! Especially these days, with fewer taxpayers itemizing than ever, it is helpful to be prepared to discuss non-deductible contributions with prospective donors.
In this article, we will review three options for charitable gift planning without an income tax charitable deduction:
- Contributions of appreciated property from non-itemizers,
- Gifts of services, and
- Contributions of ordinary income property.
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