A Publication of WTVP

Charitable gifts are critically important to the social and economic welfare of our country. Recognizing this, the government provides many tax savings advantages and options to those who choose to support charitable efforts. Federal income tax law allows a deduction for gifts to qualified charitable organizations such as churches, hospitals, community foundations, university endowments, etc. The actual amount of the deduction is dependent upon several factors. The following are a few things to consider: 

Here are a few other facts you should know: 

By taking advantage of the tax laws and options available to you, you may enhance your family’s financial security and actually increase the value of your charitable gift. It’s important that you work with your professional advisors when considering a charitable gift through a bequest to help you understand the benefits of tax savings that may be available to you. AA!