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Americans give billions of dollars to charitable organizations, but most people do not get the maximum benefit from their generous giving. Financial experts Joe Anderson and Alan Clopine reveal strategies so you can give to your favorite charities while getting the best bottom line benefits for your tax bill.

Important Points:

(1:10) – Financial Focus: Strategies for Creating Charitable Tax Deductions

(3:20) – Types of Charitable Donations

(4:45) – To Receive a Tax Benefit for a Cash Charitable Donation

(6:30) – To Receive a Tax Benefit for a Non-Cash Charitable Donation

(7:20) – Appreciated Stock: Benefit of Gifting Appreciated Stock Directly to Charity

(8:40) – True or False? If you give more charitable donations than you are allowed to deduct, you can carry them forward to future years.

(9:55) – Donor Advised Funds

(10:50) – Interview with Erin Jones, Director of Gift Planning at The Salvation Army

(13:00) – What is Gift Planning?

(17:50) – True or False? If you provide volunteer legal or accounting services to a charity, you can deduct your normal billing rate as a charitable deduction.

(19:15) – Email Question #1: I want to give my inheritance of $525,000 to the American Red Cross. How much will I be able to deduct from my taxes either this year or over time? I make $320,000 a year.

(20:55) – Email Question #2: I want to sell a property that has appreciated nicely over the past decade but it doesn’t produce income. I want to buy another income-producing property. Is there a way I can avoid or minimize my capital gains taxes?

(22:55) – Email Question #3: I want to roll the income from my charitable remainder trust back into the designated charity. Can I stop taking the payments and use what the payment amount would have been as a tax deduction?

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Featuring Special Guest

Erin Kathleen Jones - Salvation Army

Erin Kathleen Jones, CFRE, CSPG is the Director of Gift Planning for the Salvation Army. The Salvation Army has one agenda: to meet human need without discrimination. They assist approximately 30 million Americans annually, serve in 127...

About the Hosts

Joe Anderson

President

CFP®, AIF®

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $1.5 billion in assets under management and has grown their client base to over 1,300 in just nine years of the...

Alan Clopine

CEO & CFO

CPA, AIF®

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently shares the CEO role with Michael Fenison, the original founder of the company. Alan is primarily responsible for the day-to-day activities of...