RockyMtn
Thinks s/he gets paid by the post
I have a situation in 2013 where my income is going to be rather large as a result of my last round of stock options vesting. The options vest as regular income so i'm headed into the top bracket. I have been looking into Donor Advised Funds to park a wad of appreciated stocks and etf's in order to lower my AGI. Plan will then be to disburse those contributions to charities of my choice (to the extent the DAF allows)over the next twenty years or so.
Can't imagine that I'll ever be in the 39.6% bracket so it seems like a good way to get the biggest bang for my charitable buck by lowering AGI AND avoiding some cap gains taxes in the 23% range.
Anyone use DAF's as part of their tax planning?
Can't imagine that I'll ever be in the 39.6% bracket so it seems like a good way to get the biggest bang for my charitable buck by lowering AGI AND avoiding some cap gains taxes in the 23% range.
Anyone use DAF's as part of their tax planning?