{"id":1112,"date":"2016-01-21T12:00:00","date_gmt":"2016-01-21T12:00:00","guid":{"rendered":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/"},"modified":"2017-02-25T20:45:56","modified_gmt":"2017-02-25T20:45:56","slug":"year-end-tax-considerations","status":"publish","type":"post","link":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/","title":{"rendered":"Year End Tax Considerations"},"content":{"rendered":"

April 15 \u2013 Tax Day \u2013 is still a few months\u00a0away, but now is a good time to analyze where you are and act before the end of the year if you want to save on your tax bill. Many people have a disdain for taxes, but the U.S. government gives taxpayers a way to reduce their tax burden if they make gifts to qualified charities, like the congregations and ministries of the Christian Church (Disciples of Christ). These gifts can give the taxpayer a charitable income tax deduction, thereby reducing the amount of tax owed.There\u2019s many ways to do this:<\/p>\n

Outright gift of cash<\/h2>\n

Making an outright gift of cash is typically the easiest way. Writing a check to charity is simple, efficient and direct. The receipt, along with the canceled check, serve as evidence the gift was made.<\/p>\n

Gift of appreciated stock<\/h2>\n

Giving appreciated stock not only allows for a charitable income tax deduction, but the donor also bypasses any capital gains tax on the appreciation of the stock. But beware: the stock must be held for at least one year and one day \u2013 considered \u201clong term\u201d \u2013 to have the capital gains taxes bypassed. If less than that period, the gift is valued only at the original cost of the stock, called \u201ccost basis,\u201d to the donor.<\/p>\n

Consider a Life-Income Gift<\/h2>\n

These types of gifts, typically in the form of Charitable Gift Annuities or Charitable Remainder Trusts, provide a way for a donor to make a gift and receive a charitable income tax deduction for part of the gift, while retaining a stream of payments for life or a certain number of years. At the end of the terms of the contract, a gift would go to the designated organization.<\/p>\n

To learn more about these particular types of gifts, contact the Christian Church Foundation, which provides these types of gift instruments to Disciples. To learn more, call the Foundation at (800) 668-8016 or visit the Foundation website at www.christianchurchfoundation.org<\/a>\u00a0and click on the \u201cPlanned Giving\u201d link.<\/p>\n

Watch out for scams:<\/h2>\n

Be wary of charities with similar sounding names. It is common for scam artists to impersonate charities using bogus websites and through contact involving e-mails, telephone, and social media. You can verify the legitimacy of the charity on the IRS website, www.irs.gov<\/a>, using the Exempt Organizations Select Check search tool.<\/p>\n

Talk to your Tax Consultant or Financial Planner<\/h2>\n

We recommend discussing your year-end planning that relates to charitable giving with a trusted financial professional in order to receive the maximum benefit available by law.\u00a0 What you save on your taxes gives you that much more you can share.<\/p>\n","protected":false},"excerpt":{"rendered":"

Important thoughts about charitable deductions for April 15 next year that you need to consider at year end this year.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[43,4],"tags":[42,44,39,6],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"

Important thoughts about charitable deductions for April 15 next year that you need to consider at year end this year.<\/p>\n","category_list":"Stewardship Education<\/a>, Teaching<\/a>","author_info":{"name":"Bruce Barkhauer","url":"https:\/\/centerforfaithandgiving.org\/author\/bbarkhauer\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable_v2":"

Important thoughts about charitable deductions for April 15 next year that you need to consider at year end this year.<\/p>\n","category_list_v2":"Stewardship Education<\/a>, Teaching<\/a>","author_info_v2":{"name":"Bruce Barkhauer","url":"https:\/\/centerforfaithandgiving.org\/author\/bbarkhauer\/"},"comments_num_v2":"0 comments","yoast_head":"\nYear End Tax Considerations - Center for Faith and Giving<\/title>\n<meta name=\"description\" content=\"Reduce your tax burden by making gifts to qualified charities, like the congregations and ministries of the Christian Church.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Year End Tax Considerations - Center for Faith and Giving\" \/>\n<meta property=\"og:description\" content=\"Reduce your tax burden by making gifts to qualified charities, like the congregations and ministries of the Christian Church.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/\" \/>\n<meta property=\"og:site_name\" content=\"Center for Faith and Giving\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/centerforfaithandgiving\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-21T12:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-02-25T20:45:56+00:00\" \/>\n<meta name=\"author\" content=\"Bruce Barkhauer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@faithandgiving\" \/>\n<meta name=\"twitter:site\" content=\"@faithandgiving\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bruce Barkhauer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/\"},\"author\":{\"name\":\"Bruce Barkhauer\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/#\/schema\/person\/98679c8a9e3d1265c5ba9f715fb0e4a0\"},\"headline\":\"Year End Tax Considerations\",\"datePublished\":\"2016-01-21T12:00:00+00:00\",\"dateModified\":\"2017-02-25T20:45:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/\"},\"wordCount\":448,\"publisher\":{\"@id\":\"https:\/\/centerforfaithandgiving.org\/#organization\"},\"keywords\":[\"gifts\",\"stewardship\",\"taxes\",\"teaching\"],\"articleSection\":[\"Stewardship Education\",\"Teaching\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/\",\"url\":\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/\",\"name\":\"Year End Tax Considerations - Center for Faith and Giving\",\"isPartOf\":{\"@id\":\"https:\/\/centerforfaithandgiving.org\/#website\"},\"datePublished\":\"2016-01-21T12:00:00+00:00\",\"dateModified\":\"2017-02-25T20:45:56+00:00\",\"description\":\"Reduce your tax burden by making gifts to qualified charities, like the congregations and ministries of the Christian Church.\",\"breadcrumb\":{\"@id\":\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/centerforfaithandgiving.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Year End Tax Considerations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/#website\",\"url\":\"https:\/\/centerforfaithandgiving.org\/\",\"name\":\"Center for Faith and Giving\",\"description\":\"Creating a culture of generosity\",\"publisher\":{\"@id\":\"https:\/\/centerforfaithandgiving.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/centerforfaithandgiving.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/#organization\",\"name\":\"Center for Faith and Giving\",\"url\":\"https:\/\/centerforfaithandgiving.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cdn.centerforfaithandgiving.org\/wp-content\/uploads\/2017\/02\/22015939\/CFG-logo-color-1200w-1.jpg\",\"contentUrl\":\"https:\/\/cdn.centerforfaithandgiving.org\/wp-content\/uploads\/2017\/02\/22015939\/CFG-logo-color-1200w-1.jpg\",\"width\":1200,\"height\":823,\"caption\":\"Center for Faith and Giving\"},\"image\":{\"@id\":\"https:\/\/centerforfaithandgiving.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"http:\/\/facebook.com\/centerforfaithandgiving\",\"https:\/\/x.com\/faithandgiving\",\"https:\/\/www.youtube.com\/user\/FaithandGiving\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/#\/schema\/person\/98679c8a9e3d1265c5ba9f715fb0e4a0\",\"name\":\"Bruce Barkhauer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/centerforfaithandgiving.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5b2e9a94fa0e9e375d9e4a148057a555?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5b2e9a94fa0e9e375d9e4a148057a555?s=96&d=mm&r=g\",\"caption\":\"Bruce Barkhauer\"},\"sameAs\":[\"https:\/\/centerforfaithandgiving.org\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Year End Tax Considerations - Center for Faith and Giving","description":"Reduce your tax burden by making gifts to qualified charities, like the congregations and ministries of the Christian Church.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/","og_locale":"en_US","og_type":"article","og_title":"Year End Tax Considerations - Center for Faith and Giving","og_description":"Reduce your tax burden by making gifts to qualified charities, like the congregations and ministries of the Christian Church.","og_url":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/","og_site_name":"Center for Faith and Giving","article_publisher":"http:\/\/facebook.com\/centerforfaithandgiving","article_published_time":"2016-01-21T12:00:00+00:00","article_modified_time":"2017-02-25T20:45:56+00:00","author":"Bruce Barkhauer","twitter_card":"summary_large_image","twitter_creator":"@faithandgiving","twitter_site":"@faithandgiving","twitter_misc":{"Written by":"Bruce Barkhauer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/#article","isPartOf":{"@id":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/"},"author":{"name":"Bruce Barkhauer","@id":"https:\/\/centerforfaithandgiving.org\/#\/schema\/person\/98679c8a9e3d1265c5ba9f715fb0e4a0"},"headline":"Year End Tax Considerations","datePublished":"2016-01-21T12:00:00+00:00","dateModified":"2017-02-25T20:45:56+00:00","mainEntityOfPage":{"@id":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/"},"wordCount":448,"publisher":{"@id":"https:\/\/centerforfaithandgiving.org\/#organization"},"keywords":["gifts","stewardship","taxes","teaching"],"articleSection":["Stewardship Education","Teaching"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/","url":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/","name":"Year End Tax Considerations - Center for Faith and Giving","isPartOf":{"@id":"https:\/\/centerforfaithandgiving.org\/#website"},"datePublished":"2016-01-21T12:00:00+00:00","dateModified":"2017-02-25T20:45:56+00:00","description":"Reduce your tax burden by making gifts to qualified charities, like the congregations and ministries of the Christian Church.","breadcrumb":{"@id":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/centerforfaithandgiving.org\/2016\/01\/year-end-tax-considerations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/centerforfaithandgiving.org\/"},{"@type":"ListItem","position":2,"name":"Year End Tax Considerations"}]},{"@type":"WebSite","@id":"https:\/\/centerforfaithandgiving.org\/#website","url":"https:\/\/centerforfaithandgiving.org\/","name":"Center for Faith and Giving","description":"Creating a culture of generosity","publisher":{"@id":"https:\/\/centerforfaithandgiving.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/centerforfaithandgiving.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/centerforfaithandgiving.org\/#organization","name":"Center for Faith and Giving","url":"https:\/\/centerforfaithandgiving.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/centerforfaithandgiving.org\/#\/schema\/logo\/image\/","url":"https:\/\/cdn.centerforfaithandgiving.org\/wp-content\/uploads\/2017\/02\/22015939\/CFG-logo-color-1200w-1.jpg","contentUrl":"https:\/\/cdn.centerforfaithandgiving.org\/wp-content\/uploads\/2017\/02\/22015939\/CFG-logo-color-1200w-1.jpg","width":1200,"height":823,"caption":"Center for Faith and Giving"},"image":{"@id":"https:\/\/centerforfaithandgiving.org\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/facebook.com\/centerforfaithandgiving","https:\/\/x.com\/faithandgiving","https:\/\/www.youtube.com\/user\/FaithandGiving"]},{"@type":"Person","@id":"https:\/\/centerforfaithandgiving.org\/#\/schema\/person\/98679c8a9e3d1265c5ba9f715fb0e4a0","name":"Bruce Barkhauer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/centerforfaithandgiving.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5b2e9a94fa0e9e375d9e4a148057a555?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5b2e9a94fa0e9e375d9e4a148057a555?s=96&d=mm&r=g","caption":"Bruce Barkhauer"},"sameAs":["https:\/\/centerforfaithandgiving.org"]}]}},"_links":{"self":[{"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/posts\/1112"}],"collection":[{"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/comments?post=1112"}],"version-history":[{"count":0,"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/posts\/1112\/revisions"}],"wp:attachment":[{"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/media?parent=1112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/categories?post=1112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/centerforfaithandgiving.org\/wp-json\/wp\/v2\/tags?post=1112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}