A New Way to Give
When people hear of “stock donating,” they often think that it is too complicated for the average person, or only worth the trouble if you own vast amounts of stock. But stock donating can actually be a savvy way to give for anyone owning any amount of stock! A few restrictions apply –including the requirement that you have held the stock for at least 1 year—but in most cases tax incentives allow you to avoid capital gains tax while also allowing you to deduct the value of the contribution from your income taxes.* This double savings means giving stock rather than cash may be able to save you big time on tax day!
- Avoid capital gains tax.
- Increase your income tax deduction.
- Maximize your giving.
*Gethsemane International does not provide tax advice. A tax professional can provide further information.