Most people give cash as charitable donations. However, according to HCR Wealth Advisors, gifting stock could be far better. This article describes why and how it can benefit the investor. This firm is a leading authority on the subject and its advice is sound.
Stock Donations Are Tax Deductible
This is something you may not have thought of. Giving stock as a donation is indeed tax deductible, especially since the tax laws have been modified. The estimated tax-deductible value of donated stock can be as much as 30% of their gross income. Go for it!
Preserve Your Cash, Donate Stock
When you donate stock to a charitable organization, it allows you to preserve your cash. Stock can be even more valuable to that organization, particularly over time. Meanwhile, you can use your cash for personal use such as a family vacation or an addition to your home. Think about that!
What Qualifies HCR Wealth Advisors to Give Advice?
This firm has been dedicated to providing all sorts of investment and financial guidance to its clients since 1988. It forges client relationships that last a lifetime and never falters in its commitment to them. HCR will always point out the risks, as well as the benefits, of any strategy is suggests. There is no better source of financial advice anywhere.
Learning to donate stock to charity is a whole new way of thinking. The natural human instinct tells us to give cash. Yet giving stock can be far better. It can be worth more down the line, especially because the dollar amount of stock that can be donated is higher. Discover all of the benefits by looking up the firm on the Internet. See for yourself why it is better.
This article is provided for informational purposes only and should not be interpreted as investment advice.