Daffy makes this process easy and efficient. Leah can distribute funds to her chosen charities whenever she feels inspired to give, even spacing out her contributions over a two-year period. In the other years, she can go back to taking the standard deduction. This strategy allows her to save more on her taxes and give more generously to the causes she cares about.
Moreover, Daffy encourages year-long financial planning for charitable giving. Instead of waiting until December to make donations, Leah can set the amount she wants to donate for the year and give regularly to the organizations she supports. This not only makes her giving more intentional but also optimizes her tax strategy.
By signing up for Daffy, Leah can also easily donate stock or crypto, keep her tax receipts organized in one place, and plan all of her charitable donations. Daffy is a great option for a donor-advised fund, making it simple to save money on taxes and give more to charity.
Please note that this information is for educational purposes only and should not be considered tax or investment advice. Consult with a tax and/or investment professional to assess your specific situation.
Join the Daffy community today and make giving a habit. Daffy Charitable Fund is recognized as a tax-exempt public charity as described in Sections 501(c)(3),509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code.
Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.