According to Giving USA, Americans gave $471 billion to charity in 2020.
This was an extraordinary record that occurred during a global pandemic.
There are several ways to give that benefit the organizations that you wish to support. Fortunately, there are also sections of the tax code that incentivize you to make certain types of gifts to charity.
Why does the IRS offer these tax incentives? If Americans did not donate, nonprofit organizations would have to be supported with tax revenues.
ViaWealth’s team of financial professionals can assist you with charitable planning guidance you need to make financial decisions that benefit the nonprofit organizations you believe in and would like to support.
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