Supercharge your charitable donations - DTS.EP124

In this episode, Steve and Travis discuss three ideas to supercharge your charitable donations and save on taxes.

The first idea is to use a donor-advised fund (DAF) to group your charitable donations together and take a larger deduction.

The second idea is to donate highly appreciated stocks instead of cash, which allows you to avoid capital gains taxes.

The third idea is to make qualified charitable distributions (QCDs) from your IRA, which can offset your required minimum distributions (RMDs) and reduce your taxable income.

These strategies can help you maximize your charitable deductions and keep more money in your pocket. #taxes #charitabledonations #taxplanning