SPONSORED: Charitable giving is a powerful strategy that can minimize tax liability while supporting causes close to the heart.
The 1900 Wealth team is composed of seasoned, highly experienced specialists with decades of combined experience in financial planning.Charitable gifting is a powerful strategy that can minimize tax liability while supporting causes close to the heart. The advisors at 1900 Wealth can assist in selecting the right philanthropic gifting solutions designed to both ease tax burden and give to charities.
One option is the charitable rollover. Often called a qualified charitable distribution, it allows a person 70½ years or older to pass up to $100,000 of their required minimum distribution from an IRA directly to charity without declaring that amount as taxable income. An individual who wants to pass appreciated property to a public charity but has not yet identified the public charity to which the proceeds will pass.
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