Congress passed a new stimulus bill before the Christmas weekend. Although President Trump wanted to raise the second stimulus check from $600 per person to $2,000 per person, he still signed the bill into law. Unlike the previous stimulus law — the CARES Act — this new law doesn’t have a catchy name. The law […]
Use a charity gift card creatively to donate money to charities while protecting your privacy, with no worries about getting lots of junk mail.
Speaking of donating appreciated shares to charities, I read a great article by Nickel at FiveCentNickel.com about using a donor advised fund as an alternative to donating shares directly to each individual charity. Donor Advised Fund In a Nutshell A donor advised fund lets you do time-shifting. You donate and take the tax deduction now. […]
You probably heard donating appreciated stocks or mutual fund shares to a charity is more cost effective than donating cash. The charity gets the shares. You get a tax deduction for the full value (if you itemize) and you avoid paying capital gains tax. You can also gift appreciated shares to a family member who […]