ArtsManaged’s Post

Do you want to be remembered for your final tax bill, or for the legacy you leave behind? There are solutions you may not be aware of, options that include charitable giving. How do you want to be remembered? #philanthropy #estateplanning #taxplanning #insurance #charity #legacy

WANT TO BE REMEMBERED FOR YOUR TAX BILL?? Welcome to the March edition of #TheBulletin. The sad truth is that only 50% of Canadians have a will. And that is very dangerous. "Want to be remembered for your tax bill?" is a short #video that summarizes my thoughts on that issue, and what must be done. It's one of seven #shorts - bite-sized videos that are just 30-90 seconds long - in which I share my thoughts on topics including these: -Want to be remembered for your tax bill? -This financial house will crumble -Most charities aren’t successful at this -I haven’t met anyone OK with this -What do I mean by social capital? -Most people don’t understand this word -Most charities don’t know this Click to watch! https://lnkd.in/gE_kyUiJ #video #shorts #wills #estateplanning #donors #charities #legacy #TheBulletin #BeStrongAtEveryStage

Tax planning tip 6: Charitable contributions Gift Aid: Increase the value of your donations through Gift Aid, reducing your higher rate tax liability if applicable. For more help planning your tax year end finances, get our Tax Year End Checklist from the website. https://lnkd.in/eHinZdKW #Tax #EndOfTaxYear #TaxPlanning #FinancialEducation #BetterWithMoney

Luke 14:28-30 Planning to build, who wouldn’t first sit down and estimate the cost to know it can be completed? For if you get started, then run out of money, you’ll look foolish. Everyone passing by will ridicule you saying He started something he couldn’t finish. Click the website below to learn how to better your finances and prosper. https://lnkd.in/dB5RfZh8 Please share this post with others: Copy & Paste if necessary. The following link contains helpful videos and information to enhance your business and includes a list of The King’s Group business members who offer products & services you may need. @everyone https://lnkd.in/g58h7g5R Use the following link to peruse our website and apply for membership. www.TheKingsGroup.org Consider donating on a monthly basis using the link below to help carry out The King's Group ministry endeavors. https://lnkd.in/g2ciu784

Luke 14:28-30 Who would plan to build a house, without first sitting down and figuring the cost, to know it can be completed, because he’ll be ridiculed if he runs out of money and fails to finish it People will walk by and say: ‘He start something he couldn’t finish.’ Click the website below to learn how to better your finances and prosper. https://lnkd.in/dB5RfZh8   Please share this post with others: Copy & Paste if necessary. The following link contains helpful videos and other information to enhance your business and includes a list of The King’s Group business members who offer products & services you may need. @everyone   https://lnkd.in/g58h7g5R Use the following link to peruse our website and apply for membership. www.TheKingsGroup.org   Consider donating on a monthly basis using the link below to help carry out The King's Group ministry endeavors.   https://lnkd.in/g2ciu784  

Certain charitable donations allow you to avoid taxable IRA withdrawals: If you're a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It involves making a qualified charitable distribution (QCD). How it works To reap the possible tax advantages of a QCD, you make a cash donation to an IRS-approved […] https://bit.ly/4bBTmI1

Update on a possible universal charitable deduction: During the COVID-19 pandemic, Congress temporarily enabled individual charitable donors who didn't itemize federal income tax deductions to deduct up to $300 in contributions in both 2020 and 2021. This universal charitable deduction galvanized many donors who might not otherwise have supported charities in those years. However, the deduction expired after 2021. A bipartisan group […] https://bit.ly/3XcrFS8

If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable contributions. How can you protect your deduction? First, be aware that in […] https://bit.ly/3Vb80Ru

Get the word out about IRA qualified charitable distributions: The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your not-for-profit organization — so long as donors know about them. You can encourage your supporters to contribute more by boning up on the new rules and communicating their tax advantages. QCDs to RMDs First, the basics: QCDs were established […] https://bit.ly/4gHpm1n

Municipal Bonds: Demystifying Tax-Free Income With Gregory Torretti by Elliot Kallen Municipal Bonds: Demystifying Tax-Free Income With Gregory Torretti Welcome to Season 4, Episode 5 of Meet the Expert® with Elliot Kallen! Ever dreamt of tax-free income? This episode dives deep into the world of municipal investing with Gregory Torretti from American Century Investments. We crack open the secrets of municipal bonds, explore their tax advantages, […] #boomers #babyboomers