Buy Side | Tips for Getting the Most From Your Charitable Giving

Contributing sentiments towards policy:

57% : "This is an outstanding tax planning tool for those looking to maximize tax savings while still participating in deliberate charitable giving," says H. Randy Hughes III, an accountant and the owner of Counting Pennies, an accounting firm that operates nationwide.
56% : But execution can get complex, says Andrew Latham, a certified financial planner based in Rolesville, N.C., and content director at the financial website SuperMoney.
46% : While you don't get a tax deduction for the donation, you avoid paying income taxes on the amount you donate, Burnette says, since the money never goes into your own pocket.
45% : If you sell the shares, you'll have to report $1,500 in capital gains on your tax return, and could be subject to taxes as high as 20%, depending on your income.
43% : While the new law led to lower tax bills for many Americans, it also eliminated the need for many people to tally up their individual donations and other expenses, known as itemized deductions.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.