📝Worksheet2 min read

Charitable Giving Tax Impact Worksheet

Category: Charitable Giving & Legacy | FinSeniors, Worthune.com

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Category: Charitable Giving & Legacy | FinSeniors, Worthune.com Not all charitable giving is equal from a tax perspective. Whether you itemize or take the standard deduction — and how you structure your giving — can make a significant difference in the tax benefit you receive. This worksheet helps you compare strategies so you give more effectively.

Part 1: Establish Your Baseline

💡 If your gap to itemize is large, consider 'bunching' two or more years of charitable gifts into one year (potentially via a DAF) to push over the standard deduction threshold.

Part 1: Establish Your Baseline

Part 2: Your Current Annual Giving

Part 3: Strategy Comparison

Option A: Continue Annual Giving (No Change) Option B: Bunching — Give 2–3 Years of Gifts in One Year (via DAF) Option C: Donate Appreciated Stock Instead of Cash 💡 Donating appreciated stock held more than one year typically generates more total tax benefit than donating cash, because you avoid capital gains tax AND receive a deduction for full market value. Option D: QCD from IRA (Age 70½+)

Part 3: Strategy Comparison

Part 4: Year-End Giving Decision

Compare total tax benefit across all options above

If age 70½+: QCD is almost always the most efficient option for IRA-funded giving

If itemizing: direct donation of appreciated stock maximizes combined tax benefit

If not itemizing (or close to threshold): DAF bunching strategy likely adds the most value

Set a giving budget that reflects both your charitable intentions and your tax situation

Calendar year-end deadlines: QCDs by Dec 31; appreciated stock transfers need 3–5 business days

My Giving Plan for This Year

💡 This worksheet is for personal planning purposes only and does not constitute tax advice. Work with a CPA or financial advisor to confirm the tax impact of your specific giving strategy.

My Giving Plan for This Year

Disclaimer: The information provided in this content is for general educational and informational purposes only and does not constitute financial, legal, tax, or medical advice. Always consult a qualified professional before making decisions about your retirement, healthcare, or estate planning. For full terms see worthune.com/disclaimer.

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