Tax Strategies
Tips to help you save on taxes & give more to causes care about.
Tax Strategies
Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead
Donating appreciated crypto to charity can result in tax savings for you and more money for charities.
Tax Strategies
Want to Save on Taxes? There’s a Better Way to Rebalance Your Portfolio
Long-term investors who engage in charitable giving can save on capital gains taxes by donating shares when they need to rebalance their portfolio.
Tax Strategies
Donating Regularly to Charity But Not Itemizing? A Tax-Smart Giving Strategy You Should Know
This tax-smart strategy helps you deduct your charitable contributions even with a higher standard deduction.
What's New on Daffy, Tax Strategies
You Can Now Add Your Financial Advisor to Your Donor-Advised Fund on Daffy
Daffy members can now add their financial advisors to their Daffy fund, making it easier for advisors to help you strategically manage your fund as well as tactically take actions on your behalf.
Tax Strategies
4 Tax Mistakes to Avoid When Making Charitable Donations
Instead of leaving money on the table at tax time, learn how to skip these common tax mistakes and lower your tax bill.
Tax Strategies
Charitable Tax Deductions: 4 Things You Need to Know
Find out how to write off up to 60% of your AGI, take advantage of the increased standard deduction for 2023, and uncover commonly overlooked tax breaks.
Tax Strategies
Your Charitable Deductions Tax Guide (2023 Updated)
Maximize your tax savings and charitable impact in 2023 by understanding the latest IRS charitable contribution limits, donation rules, tax strategies, and more.
Tax Strategies
How Donating Stock to Charity is a Win-Win For You & Charities
Giving stock instead of cash as a charitable donation can greatly benefit you as well as the non-profit.
Tax Strategies
How to Maximize Your Tax Savings by Bunching Charitable Donations
Not sure if you should itemize this year? Check out this charitable deduction strategy to help.
Giving, Tax Strategies
Donor-Advised Funds vs. Private Foundations: What’s Best For You
While both options offer the potential for tax savings, there are several major differences between the two. You’ll maximize your impact and save yourself tons of time.
Tax Strategies
6 Smart Ideas for What to Do with Your 2022 Tax Refund
Further your financial goals by putting your tax refund to work.
Tax Strategies
5 Tips to Lower Your Tax Bill
An unexpected tax bill is a nightmare that happens all too often. 😱 If you had to pay a significant tax bill after you filed your tax return this year, you’re not alone, and here are five ways to avoid this for your 2022 tax bill. #1: Analyze Your 2021 Tax Return & Adjust Your W-4 In many cases, saving a little bit of money out of each paycheck is a great way to reach a financial goal. As it turns out, taxes work the same way. Your withholdings offer the key to avoiding a nasty surprise on A
DAFs Explained, Tax Strategies
What Elon Musk Can Teach Us About Donor-Advised Fund Fees
Most people have never even heard of a donor-advised fund, [https://daffy.org/resources/why-have-i-never-heard-of-a-donor-advised-fund] often called a “DAF”. But a few weeks ago, millions of people found out about them when Bloomberg [https://www.bloomberg.com/news/articles/2022-02-15/elon-musk-donated-5-7-billion-of-tesla-shares-to-charity] reported that Elon Musk has donated $5.7B in Tesla stock ($TSLA) to charity, most likely to a donor-advised fund. Unfortunately, there is a fundamental p
What's New on Daffy, Tax Strategies
Introducing the Tax Summary Report
Earlier this week, we rolled out the ability for our members to view and download a simple summary of all of their contributions that may qualify as tax-deductible for 2021. Everyone has a system for finding their charitable donation receipts. Whether it’s a special folder on your desk, a special tag in Gmail, or just the hail mary search of your inbox. Since tax season often means tracking down a lot of receipts and documents, we wanted to help save our members the time and hassle. If you’re
Tax Strategies
Got a Big Bonus? How to Pay Less Taxes & Give Back
Bonus season is upon us, and while you might initially cheer at the thought of extra cash in your bank account, it’s important to realize the tax implications before you start spending. Getting taxed at the supplemental income rate could leave you with a lot less cash than you expected. Using charitable giving as part of your tax strategy can minimize your tax bill while also making a difference in the world. A donor-advised fund can lower your taxable income while helping charities you care a