Charitable Donations

On 12/27/20, this act was signed into law which extends certain provisions that were passed back in March with the CARES Act (see our earlier blog).

Donor Advised Funds: How to Donate Tax-Efficiently

Charitably inclined individuals will find that their donations this year will gain additional tax benefits. The recently passed CARES Act established certain provisions to help maintain the similar level of charitable contributions that individuals would normally make. Here are the main points of this Act:

The following post was written by my fellow advisor Rick Waechter of Old Peak Finance in Chapel Hill, NC. Thank you to Rick for alerting me to some of these options!