2021 Charitable Giving Information
Usually taxpayers who take the standard deduction cannot deduct their charitable contributions. The law now permits taxpayers to claim a limited deduction on their 2021 federal income tax returns for cash contributions they made to certain qualifying charitable organizations.
These taxpayers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions to qualifying charities during 2021. The maximum deduction is $600 for married individuals filing joint returns. https://www.irs.gov/newsroom/expanded-tax-benefits-help-individuals-and-businesses-give-to-charity-in-2021
There are many ways to include Disability Rights Center – NH in your estate planning. Planned giving supports work that is close to your heart and may also provide financial and other advantages to you and your loved ones.
Different types of charitable gifts may carry certain income and estate tax planning benefits. Learn more about the process of making a gift to DRC-NH
Bequests are simple, flexible, and like much charitable giving, may provide tax advantages to you and your loved ones.
A unique way to support DRC-NH is by transferring real estate. Whether you choose to donate your home or another piece of real estate, this type of donation can be accomplished in a several ways, thus allowing you to choose an option that best suits your overall goals.
It’s important to consult with a professional advisor, such as a wealth manager, estate planning attorney, and/or accountant to identify which gifting approach best suits your unique circumstances. Disability Rights Center – NH is a tax-exempt 501(c)(3) nonprofit organization. Your contribution is tax-deductible to the extent allowed by law.