With the end of the year just around the corner, now is an excellent time for you to review your charitable contribution. You might want to make a list to ensure that you have taken full advantage of all of the tax saving deductions available to you. Here are some ideas for year-end planning that can help support our cause and benefit you.

CHARITABLE CONTRIBUTIONS

A simple gift of cash or an unneeded asset can assist our work and provide you with valuable tax savings.

CHARITABLE GIFT ANNUITY

Double your benefits while making a gift and receiving cash back. A gift annuity gives you income tax advantages this year while providing you with dependable payments for life at fixed rates as high as 9.5%.

IRA CHARITABLE ROLLOVER

If Congress again passes the IRA charitable rollover. You can transfer up to $100,000 directly from your IRA to a qualified nonprofit without paying federal income tax.

ADDITIONAL TAX SAVINGS

Be sure to review your mortgage, medical, education, business and other miscellaneous expenses to determine if there are additional ways you can save on taxes this year. Check your list against your advisor’s recommendations to avoid missing any significant deductions. Congress has changed the rules in recent years. If you haven’t visited your attorney to review your estate plan, you should make an appointment before the end of the year or early in the new year. Your plans may need to be updated, particularly if you have experienced life changes. Please contact us for help. We can refer you to qualified attorneys and advisors and provide you with a free guide to make your planning easier.

“Your gifts underwrite the work of the CHRISTUS Southeast Texas Foundation which provides vital equipment and programs for our hospitals. Thank you for your support of our mission to extend the healing ministries of Jesus Christ.” -Ivy Pate, President

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