Discover the benefits of Qualified Charitable Distributions (QCDs) in this informative episode of Elevate Wealth! Deanne Rosso is joined by Rob Fezekas, Director of Investment Policy, to explain how QCDs work, who qualifies for them, and how they can lower your tax bill. Learn: ✔ What a Qualified Charitable Distribution (QCD) is ✔ Eligibility requirements to use a QCD ✔ How QCDs can satisfy Required Minimum Distributions (RMDs) and reduce taxable income If you’re 70½ or older and want to give to charity while optimizing your tax strategy, this video is for you! To learn more about how QCDs could benefit your financial plan., visit elevate-wealth.com and let’s talk! 🔗 Website: https://elevate-wealth.com 🔗 Facebook: / elevatewealthadvisory 🔗 Instagram: / elevatewealthadvisory Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips! #AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct #InvestmentPhilosophy #RetirementPlanning #ElevateWealthAdvisory #FinancialMarkets #stocks #retirement #StockReturns #InvestmentStrategies #FinancialPlanning #WealthBuilding #wealthadviceforyourbestlife #election #politics #financialmarkets #financialplanning #yearendgiving #rmds #taxdeadlines #rothira #charity #charitablegiving #charitysupport #taxdeduction

In this video, Deanne Rosso, President & CEO of Elevate Wealth Advisory, is joined by Rob Fezekas, Director of Investment Policy, to explain the tax implications for both the giver and recipient of non-charitable gifts. Rob discusses how recipients generally don't owe taxes on gifts, but may face capital gains taxes if they sell appreciated assets. For givers, there’s an $18,000 annual gift exclusion per recipient ($36,000 for married couples), meaning most gifts fall below the taxable threshold. For larger gifts, Rob explains how the lifetime gift and estate tax exclusion of $13.6 million comes into play. For more help integrating non-charitable gifts into your financial plan, visit elevate-wealth.com and let’s talk! 🔗 Website: https://elevate-wealth.com 🔗 Facebook: / elevatewealthadvisory 🔗 Instagram: / elevatewealthadvisory Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips! #AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct #InvestmentPhilosophy #RetirementPlanning #ElevateWealthAdvisory #FinancialMarkets #stocks #retirement #StockReturns #InvestmentStrategies #FinancialPlanning #WealthBuilding #wealthadviceforyourbestlife #election #politics #financialmarkets #financialplanning #yearendgiving #rmds #taxdeadlines #rothira #charity #charitablegiving #charitysupport #taxdeduction

In today’s video, Deanne Rosso, President & CEO of Elevate Wealth Advisory, sits down with Rob Fezekas, Director of Investment Policy, to break down the rules for deducting charitable donations on your tax return. Rob explains how recent tax law changes, like the Tax Cuts and Jobs Act, impact your ability to itemize and when it makes sense to take the standard deduction instead. Plus, discover a smart strategy to maximize the tax benefits of your donations by gifting appreciated assets directly to charities, allowing you to avoid capital gains tax and get the full deduction. For more tips on integrating charitable giving into your financial plan, visit elevate-wealth.com and let’s talk! 🔗 Website: https://elevate-wealth.com 🔗 Facebook: / elevatewealthadvisory 🔗 Instagram: / elevatewealthadvisory Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips! #AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct #InvestmentPhilosophy #RetirementPlanning #ElevateWealthAdvisory #FinancialMarkets #stocks #retirement #StockReturns #InvestmentStrategies #FinancialPlanning #WealthBuilding #wealthadviceforyourbestlife #election #politics #financialmarkets #financialplanning #yearendgiving #rmds #taxdeadlines #rothira #charity #charitablegiving #charitysupport #taxdeduction