We are more than halfway through the year but it’s not too late to start finding ways that can help lower your 2013 tax bill.  Donations to charity are a tax deductible expense.  These donations can reduce your taxable income and lower your tax bill, while helping others in the process.

Taxpayers are required to keep detailed records of their charitable contributions that must include the name of the charitable organization, the date of your contribution, and the amount of your contribution.  Nonprofit organizations often provide donors with a written letter acknowledging the gift or with a receipt for the donation. (Save these documents!)

We also encourage our clients to look into opening a Fidelity Charitable Gift Fund.  This is a a donor-advised fund program where donors who contribute to Fidelity Charitable, become eligible to take an immediate tax deduction.  They then are able to recommend grants to be distributed to qualified nonprofit organizations.  Their mission is to make charitable giving simple and effective.

To receive more information about the Fidelity Charitable Gift Fund please reach out to your team at Lighthouse Financial Advisors.

Contact

Lighthouse Financial Advisors

3 Harding Rd Suite B
Red Bank, NJ 07701

P: 732.747.6697
F: 800.886.0302
info@lfadvisors.com

Contact Us

Disclosures

Client Relationship Summary – Form CRS
Firm Brochure – Form ADV 2A

Recent Posts

Sunscreen, Swimsuits… and Savings? Ditching The Spending Guilt On The Things You Enjoy

Your Estate Plan: A Living Part of Your Financial Picture

Why an IRS IP PIN is Important for Your Tax Security

Energy Credits – The Basics You Should Know

Copyright Lighthouse Financial Advisors, INC . Disclaimer . Privacy & Legal Information

Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP(R),
Certified Financial Planner™ and CFP(R) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements

Website Design by TandarichGroup