- Tax Planning
- Introduction
- Understand What Our Leaders Have Said Regarding Taxes
- Understand How Tax Planning Can Help You Attain Your Personal Goals
- Understand the Tax Process and Tax Strategies to Help You Lower Your Taxes
- Understand How to Minimize Tax Payments for a Given Level of Income
- Understand How To Be More Efficient With Your Taxes
- Understand the Major Tax Features of the US Tax System
- Summary
- Assignments
- Investments 1: Before you Invest
- Investments 2: Your Investment Plan
- Investments 3: Securities Market Basics
- Investments 4: Bond Basics
- Investments 5: Stock Basics
- Investments 6: Mutual Fund Basics
- Investments 7: Building Your Portfolio
- Investments 8: Picking Financial Assets
- Investments 9: Portfolio Rebalancing and Reporting
- Retirement 1: Basics
- Retirement 2: Social Security
- Retirement 3: Employer Qualified Plans
- Retirement 4: Individual and Small Business Plans
- Estate Planning Basics
5. Make Charitable Contributions with Appreciated Long-term Assets.
If you have stock or other financial assets that have appreciated in value, you have two options: the first option is selling those assets and paying taxes on the capital gains (the difference between what you sell the asset for and what you paid for it). Then you can donate that amount, minus your capital gains, to a charity. The second option is donating the appreciated asset directly to a charitable organization (see Learning Tool 8: Tithing Share Transfer Example); that way, you can deduct the total value of the transferred assets, and you do not have to pay the capital gains on the appreciated assets.
