Brixey & Meyer Blog

    How To Be Tax Efficient When Charitable Giving

    Posted by Steve Hood on Feb 7, 2020 10:26:56 AM

    Charitable Giving - ways to be tax efficient

    Planning on making charitable gifts in 2020 and want to be tax efficient when doing so? There are many ways but below are a few common options...

    • Donating appreciated stock - allows you to avoid paying capital gains while reducing your stock allocation and receiving a charitable deduction for the fair market value of the security donated.
    • Bunch charitable deductions - defer donations to next year or make your planned 2021 donations ahead of time in 2020.
    • Give to a private foundation or donor advised fund
    • Make a qualified charitable distribution directly from your retirement account (including IRA’s) - this is a great way to reduce your tax bill if you are over 70.5 and do not need your full required minimum distribution


    If you would like to speak to one of our tax specialists for more information, please call: 1 (866) 760-0940, visit our website, or send a note to to setup a time to speak.  

    Topics: brixey and meyer, ohio, Tax, Tax Team, 2020, Charitable Giving

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