Normally, short-term capital gains don’t provide any tax effect on charitable opportunities. But in 2021, they do. Through the CARES Act, there is an opportunity giving with 100% deductibility of short-term capital gains.
For many investors, the extension of the 2020 CARES Act is a welcome legislative decision. The tax advantages that generous investors enjoyed in 2020 can be utilized again in 2021.
Did you know that you can donate long-term appreciated stock to Africa New Day? If you do, you’ll get a deduction for the full fair market value and pay NO tax on the capital gain.
Additionally, you can donate the short-term gains and receive a 100% deduction regardless of your total household financial situation.
If you would like to discuss this opportunity with us, please click here and we can set up a time to talk within the week. Thank you for allowing us to advance our mission with your generous support!
Note: Please consult your tax professional before making any donation decisions. This information is for your personal use and should not be your sole source of information on tax deductible opportunities.
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