Charitable Giving Isn’t Just for December

‘Twas the season of giving this past month – but if you missed the mark at year-end, it’s never too early to start a gifting strategy in the New Year. Before you make a donation to your favorite charity or give money to your church, be sure to talk to your financial advisor.

Depending on your situation, the new tax law could change the way you should give to charity. The standard deduction was raised to $24,000 and the state and real estate tax deduction was limited to $10,000, so unlike recent years where you may have been able to deduct charitable donations, it’s now more difficult to reach the threshold in order to itemize deductions.

However, hope is not lost. Marshall Financial Group assists clients year-round to create financial plans that incorporate tax planning and charitable giving so you’re well-equipped when the holiday season rolls around. Our CFP® professionals will provide gifting strategies, such as donating through your IRA or opening a Charitable Donor Advised Fund to meet your individualized needs.

To contact an advisor today, click here.

Disclosure: Marshall Financial Group, Inc (“Marshall Financial”) is an SEC-registered investment adviser with its principal place of business in Doylestown, Pennsylvania.   This newsletter is limited to the dissemination of general information pertaining to Marshall Financial Group’s investment advisory services.  Investing involves risk, including risk of loss.

This newsletter contains certain forward‐looking statements (which may be signaled by words such as “believe,” “expect” or “anticipate”) which indicate future possibilities. Due to known and unknown risks, other uncertainties and factors, actual results may differ materially from the expectations portrayed in such forward‐looking statements. As such, there is no guarantee that the views and opinions expressed in this letter will come to pass.

For additional information about Marshall Financial, please request our disclosure brochure as set forth on Form ADV using the contact information set forth herein, or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov).  Please read the disclosure statement carefully.