Did you know?  Some helpful tax-saving tips!*

*This is merely for informational purposes and is not to be considered financial advice.  For more specific insight on your particular situation, we encourage you to consult your tax or financial advisor.
 

Appreciated Assets (Stocks, Real Estate, Personal Property):
Giving gifts of appreciated assets is a great way not only to maximize your charitable giving through an investment you've made but also to do so in a tax-efficient manner as you avoid the capital gains tax on the investment while receiving a full charitable deduction.  Whether it's appreciated stocks, appreciated real estate, or appreciated personal property, this is a very tax-efficient way to give.  Please contact Jessi Holzman at jholzman@inthecove.com or call 209 567 3200 if you have questions or to make a gift of this type.

Qualified Charitable Distribution (QCD):
Are you 70 ½ or older? If so, you may want to consider making charitable gifts through a QCD (qualified charitable distribution). A QCD is a direct transfer of funds from your IRA custodian, payable to the charitable organization of your choice. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met. In addition to the benefits of giving charitably, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare. Also, QCDs don’t require that you itemize, which due to the recent tax law changes, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving. If you want to visit more about making a gift through a QCD, please contact Jessi Holzman in our office at jholzman@inthecove.com or 209 567 3200 or speak with your financial advisor.

We realize these provisions don't apply to everyone at Shelter Cove, but we hope informing you of these great tax benefits will help you make the most of your giving as we continue to advance God's mission of helping people become more and better disciples!

Thank you for your generosity!