[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/smart-giving-rye-brook-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/smart-giving-rye-brook-ny\/","headline":"“Smart” Giving","name":"“Smart” Giving","description":"A tax deduction for charitable giving isn\u2019t guaranteed just because you\u2019re feeling generous. As with everything in tax law, it\u2019s important to follow the rules. As the holiday giving season begins with the tax year ending shortly thereafter, now is a good time to plan your giving. But take note: there is giving, and then […]","datePublished":"2013-11-19","dateModified":"2023-08-12","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01a3fafd150e.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01a3fafd150e.jpg","height":566,"width":849},"url":"https:\/\/www.amorusolaw.com\/blog\/smart-giving-rye-brook-ny\/","about":["Charitable Giving","Estate Planning"],"wordCount":256,"keywords":["Charitable Giving","Estate Planning"],"articleBody":"A tax deduction for charitable giving isn\u2019t guaranteed just because you\u2019re feeling generous. As with everything in tax law, it\u2019s important to follow the rules.As the holiday giving season begins with the tax year ending shortly thereafter, now is a good time to plan your giving. But take note: there is giving, and then there is \u201csmart\u201d giving. And since you want the best outcome for both you and the charities you support, smart giving is accomplished by thorough planning.Fortunately, Forbes has provided some giving tips and reminders well in advance in a recent article titled \u201cMaking Your Gifts Count:10 Smart Tips For Charitable Giving.\u201dWhile there is much to say and consider regarding each of these 10 points, here they are if you are looking for a checklist:Itemize.Choose carefully.Get a receipt \u2013 even for cash.Don\u2019t overlook payroll deductions.Pay attention to the value of any incentives.Consider donating appreciated assets.You can\u2019t deduct the value of your time.Document the value of your gift.Limits may apply.Pay attention to the calendar.It is worth noting, however, that this is really only the beginning of smart charitable giving. What are your ambitions and what are your goals?The higher you set your giving sights, then the greater your need to pre-plan and seek appropriate legal, financial and tax counsel.Reference: Forbes (November 1, 2013) \u201cMaking Your Gifts Count:10 Smart Tips For Charitable Giving\u201dFor more information on charitable giving and estate planning, please visit my estate planning website."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"“Smart” Giving","item":"https:\/\/www.amorusolaw.com\/blog\/smart-giving-rye-brook-ny\/#breadcrumbitem"}]}]