Defer Capital Gains Tax. Charitable remainder trusts are particularly suited for appreciated property because any capital gains tax will be deferred until the time that it is distributed out to the income beneficiary.In addition, if the donor cannot use the whole deduction in the year of the gift, he/she can carry over the deduction for up to five additional years. Reduce Your Taxes with a Charitable Income Tax Deduction. If the CRT is funded with cash, the donor can use a charitable deduction of up to 60% of Adjusted Gross Income (AGI) if appreciated assets are used to fund the trust, up to 30% of their AGI may be deducted in the current tax year.Moreover, the donor can control the amount and timing of the distributions to the charity, and can continue to advise on how the charitable dollars are invested. By naming a Schwab Charitable donor-advised account as the CRT beneficiary, the donor can freely change the identity of the benefitting charities at no additional cost.
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