This is a charitable advantage for business owners, but not the only one.
Did your CPA might tell you that if you donate appreciated stock instead of cash, you get a double tax benefit.
You deduct the full fair market value of the stock
You avoid paying capital gains tax on the appreciation
Suppose you have $50,000 in stock that you originally bought for $20,000.
If you sell it and donate the cash, you'll pay capital gains tax on the $30,000 gain — potentially $7,000+ in taxes — and then donate what's left.
But if you donate the stock directly, you skip the capital gains tax entirely while deducting the full $50,000.
Yep, the same donation to the charity and thousands more in your pocket.
Has anyone walked you through all the local, county, state and federal programs available for your U.S. business?
Got 60-seconds to run the free app on your phone or computer?
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