Whether you itemize or take the standard deduction, there are strategies you can use to receive new tax savings, other non‑tax benefits and continue to support United Way of Santa Barbara County. Download our 2018 Tax Planning Brief: The New Tax Law & Charitable Giving.
Donating appreciated assets allows you to support United Way of Santa Barbara County while generating a charitable tax deduction and potentially capital gains tax savings. This strategy provides tax benefits to itemizers and non‑itemizers. Learn more at unitedwaysbgift.org/Stocks and unitedwaysbgift.org/RealEstate.
If you are 70½ or older, this strategy allows you to give up to $100,000 directly from your IRA rather than take the required distribution from your IRA. This strategy does not result in a charitable deduction but will help you avoid tax on the distribution. This strategy is useful whether you itemize your deductions or not, and it is especially beneficial to those taxpayers who are not able to itemize their deductions because of recent changes to the tax law. Learn more at unitedwaysbgift.org/IRARollover.
CGAs and CRUTs provide annual income, a charitable income tax deduction and potentially favorable capital gains treatment while allowing you to support United Way of Santa Barbara County. Your specific benefits will be affected based on whether you itemize or take the standard deduction. Learn more at unitedwaysbgift.org/CGA and unitedwaysbgift.org/CRUT.