There are a ton of different ways to give to charity, but not all of them will help you on your taxes. This week we cover a listener question about tax efficient charitable giving, and when it will or will not help you. We also cover the recent interest reduction announcement and an article on the new etiquette of negotiating real estate commissions.
Show Notes
[02:00] Market update – What’s new on the market this week?
[05:00] Article of the Week – The Wall Street Journal’s article on new etiquette for buying a house.
[09:00] Itemized or Standard – Choosing between itemized or standard deductions.
[15:50] Donor-Advised Fund – Grant explains how the Donor-Advised Fund works.
[23:14] Qualified Charitable Distribution – Grant defines the Qualified Charitable Distribution and how it works.
Resources
Donor-Advised Funds (DAFs): What They Are and How They Work
nerdwallet.com/article/taxes/donor-advised-funds
Qualified Charitable Distributions (QCDs)
fidelity.com/building-savings/learn-about-iras/required-minimum-distributions/qcds
The New Etiquette of Negotiating With Your Real-Estate Agent
wsj.com/personal-finance/the-new-etiquette-of-negotiating-with-your-real-estate-agent-1ff585c7