Donating appreciated securities to charity is always the best strategy because it allows you to avoid taxes on any gains.
The CARES Act relaxes the income-based deduction limit on cash gifts made to public charities in 2020. This year, the deduction limit is 100% of AGI, whereas it’s traditionally been 30%.
If you want to make a large stock contribution in 2020, you can augment it with more cash contributions than you normally could. Gifts to the Challenger Fund, the Community Foundation, and the Community Emergency Response Fund qualify for these incentives. As do year-end gifts to all of your other favorite charities.
These tax incentives are designed to encourage Americans to support nonprofits. Please consider a gift of stock to the Community Foundation of Teton Valley.
