Sentences with phrase «deduction for cash donations»

Not exact matches

If you gift to a charity by giving stocks or mutual funds directly, instead of cash, you can save on the taxes associated with capital gains, as well as get the deduction for the donation.

This can help secure a source of cash donations from people that can use a tax deduction and for getting grant money.

No specific changes were made to IRC section 170 (h) regarding gifts of conservation easements or to the «enhanced» tax deduction for gifts of conservation easements (designed to encourage conservation easement donations by enhancing the ability of «land rich, cash poor» taxpayers to claim a tax deduction for such gifts).

Only donations made in cash or cheque can be claimed for deductions.

The CRT provides you with an immediate income tax deduction for the «donation» of the property or asset into the CRT, allows you to immediately dispose of (sell) the property or asset without incurring any depreciation recapture or capital gain income tax liabilities, and then reinvest the net sales proceeds into investments providing better cash flow opportunities.