As we enter into this holiday season, now is the time to plan your year-end, tax- deductible gifts.
As we enter into this holiday season, now is the time to plan your year-end, tax- deductible gifts. There are many creative ways to give which can provide you with tax-savings and additional income. Here are a few ways of giving to consider:
- ￼Gifts of Cash ~ Receive an immediate tax benefit with gifts of cash. You can itemize and deduct the amount you’re donating, resulting in lower taxable income.
- Appreciated Securities ~ Lower your cost of giving to Orlando Health by donating stocks, bonds, or mutual funds. Not only do you get a charitable deduction for the full market value of the stock, but you also avoid paying any capital gains taxes on the increase in the value of your securities.
- Charitable Gift Annuity ~ Increase your income or that of a family member, while also benefitting from a charitable tax deduction for the current year. Enjoy an income stream for the rest of your life with quarterly payments based on your age at the time of your gift.
- Legacy Gifts ~ Consider the Orlando Health Foundation in your charitable plans by including us in your will or trust or designating us as a beneficiary of your retirement plan or life insurance policy. These are simple ways you can make a lasting future impact in the lives of the families whom we serve.
Please note: If you are seeking an income tax deduction for 2015, gifts must be received by December 31, 2015.