We Have Two Online Tools That Make Taxwise Gifts Easier Than Ever:
Any taxpayer that is 70.5 or older with a traditional IRA can give a tax-free gift called a QCD to the United Way of Central Massachusetts. These gifts can be made whether or not you itemize and reduce your future tax burden. Even in a year without a Required Minimum Distribution (RMD), this may be your smartest giving option to reduce your future RMDs.
Giving a gift of long-term appreciated assets, such as publicly traded securities, real estate, and personal property, can be beneficial to you and the United Way of Central Massachusetts. You may avoid a capital gains tax on the appreciation you have realized which results in a gift that is greater in value than its cost to you.
These are just two ways you can give back to the United Way of Central Massachusetts this year. If you have any further questions about supporting our community, please do not hesitate to reach out. For more information about Planned Giving here at United Way of Central Massachusetts, please contact Theresa Lynn at 508-757-5631 ext. 240, or by email.