Resources to help you with your charitable tax planning. Four questions to get you started.
Dec 01, 2022
This time of year, many individuals start working with tax professionals and professional advisors to discuss their potential tax bill. At Vanguard Charitable, we’ve provided four resources to help you, whether you are a DIY-er or plan to consult with a tax professional.
- What is the value of my charitable deduction? Our Tax Savings Calculator can help you understand the potential tax savings of a charitable contribution based on your income tax rate, filing status, and any other itemized deduction you may take.
CALCULATE YOUR SAVINGS à
- Why am I giving? For many individuals and families, this can be a deeply personal question. Our charitable planning guides in our resource center may help you better understand your motivations for giving and ensure you take a strategic approach to making an impact.
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- Which organizations should I give to? If you’re in a fortunate position to donate money to charity, it may be difficult to decide how much to give each organization. Donating to a Vanguard Charitable donor-advised fund (DAF) can help you secure your 2022 tax deduction and provide you with guidance and information to start finding your new favorite charities or reconnecting with your old ones.
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- Tax planning seems complicated. OK, well, this isn’t exactly a question, but our Charitable Tax Center page provides a list of commonly asked questions. Use them on your own or to prep with a tax professional.
VISIT THE CHARITABLE TAX CENTER à
We know that our donors give for many reasons other than tax advantages, but tax-savvy giving can lead to even larger gifts for the charities you care about. Aligned with tried-and-true Vanguard principles, Vanguard Charitable can help you establish a DAF that enables you to maximize your impact and tax savings so that you can give more to your favorite charities over time.