Tax-Savvy Investing: 10 Ways to Minimize Your Tax Burden
Published Wednesday June 28 2023 by Michael Hoffman
6. Gift Appreciated Stock
If you’re planning to make a charitable donation, consider gifting appreciated stock instead of cash. This allows you to avoid paying capital gains tax on the stock’s appreciation while still getting a charitable deduction.
The charity receives the full value of the stock, and you get a tax break. It’s a win-win situation that makes your charitable giving go further.
