Double the Tax Benefit of Your Giving!
Instead of giving cash, consider donating appreciated stock. You get the full market value of the donation as a deduction on your taxes, and you don’t have to pay the capital gains tax. The church has a brokerage account for this purpose. Just be sure you have owned the stock for more than a year to qualify for the double benefit. It’s a win/win for the church and your taxes. Contact Joni Thorpe and your tax advisor for more information on stock giving.