Gift Ideas for Early in the Year
Transferring income-producing assets from someone in a high tax bracket to a recipient in a low bracket may save income taxes. And the earlier in the year you make your gifts, the more income you can remove from next year’s tax return. Consider doing the following:
Director of Institutional Advancement
The materials contained on this website are intended only to show some ways by which you can make a charitable gift or bequest and thereby minimize federal tax liabilities, as authorized by the Internal Revenue Code. All examples are of a general nature only and should not be applied to your specific situation without first consulting your attorney or other advisers.