Merilee Baptiste’s Post

As we approach year-end, it is time to start thinking about your tax strategy. Do you know about the Arizona Tax Credit? It's fabulous! You may donate up to $841 (married filing jointly) or $421 (filing individually) to a Qualified Charitable Organization, like Midwest Food Bank. Then, you will receive a dollar-for-dollar tax credit on your state taxes. It's a win for you and a win for Midwest Food Bank as we seek to alleviate hunger and malnutrition. 🙏 https://lnkd.in/gAWd-jYZ

Great question! If you, like many Americans age 72 and older, are required to take (and pay taxes on) income you don’t need from an IRA, consider directing a qualified charitable distribution (QCD) from your IRA to your favorite charity — like the University of Nebraska Foundation. You can satisfy your RMD requirements without having to claim the distribution as income. If you have questions about planned giving like the one here, reach out to the experts on our team, like Steve, who can answer questions like this one and more! ➡️ https://bit.ly/3VzyI73

Choice of Beneficiaries: With a will, you can choose who should inherit your assets. This is particularly important if you want to provide for specific family members, friends, or even charitable organizations that might not be covered by intestate succession laws. #willsmonth #wills #inherit

This is crucial. Also professionals in different fields should learn to listen to signals when to recognize abusive situations, and learn what to do in these situations.

🥕 Did you know? You can make a lasting impact on hunger relief through a Donor Advised Fund (DAF)! ➡ Here's why a DAF can be a powerful way to support Chester County Food Bank (CCFB): ✅ Flexibility: You have the flexibility to recommend grants to us whenever you want. It's like your personal charitable savings account. ✅ Tax Advantages: You can maximize your tax deductions when you contribute to a DAF, allowing you to give even more to the causes you care about. ✅ Strategic Giving: With a DAF, you can plan your charitable giving over time and strategically support CCFB's initiatives and projects. ✅ Legacy of Giving: Establishing a DAF can create a legacy of giving for your family, ensuring your values and commitment to fighting hunger continue for generations. ⭐ Ready to make a difference? Get started by opening a DAF or contributing to an existing one. Contact us to learn more about how your DAF can impact our mission >> https://lnkd.in/erv7Ub3E Together, we can nourish our community and make a lasting change. Let's fight hunger and create a brighter future for Chester County!

Tales from Tax Planning Season Are you missing out on a tax benefit from your charitable donations? With the high standard deduction, you likely are. Thankfully for my clients, we implement certain charitable giving strategies that can get back that tax benefit...can we help you? #tipyourserver,nottheIRS

5 Ways to Celebrate Your Legacy with https://hubs.ly/Q02x1yw10: Record Messages: Speak to the future. Digital Scrapbook: Share your journey. Plan for Pets: They're family too. Charitable Giving: Make an impact. Personalized Plan: Reflect your unique story. #DigitalEstatePlan

As the year winds down, it's the perfect time to plan your taxes and make a difference! Consider charitable giving as a win-win strategy. Donations can support causes close to your heart and potentially reduce tax liability. What choices are you making to maximize your impact and minimize your taxes this year? www.crossvine.nm.com #TeamCrossvine #CharitableGiving

As the leaves turn and Thanksgiving approaches, it's the perfect time to reflect on gratitude and generosity. At Molen & Associates, we're here to guide you through the rewarding journey of charitable giving, not just in spirit but also in tax benefits! If you have questions on how to optimize your tax situation utilizing year-end charitable giving, call us today to schedule a consultation. (281) 440-6279 #molentax #thanksgiving #taxfirm #taxprofessional

🤲🏽 Setting up a trust can provide peace of mind knowing that the care you have provided the people and possessions you love will continue. Consider setting up a trust if you want to 👇🏾 ✔️ Ensure your assets are managed for the benefit of your family. ✔️ Preserve you assets while minimizing taxes and probate costs. ✔️ Establish a tax-advantaged charitable gift. ✔️ Provide an efficient method of managing your finances if health deteriorates.