#CharitableGiving Archives | Hutchinson and Bloodgood LLP

Tax Planning

How what you donate impacts your tax deductions

Charitable donations can be a powerful tax-saving tool. But there’s much to consider as you plan your giving for the rest of 2026.

July 21, 2026

Have you already made contributions to charity this year? Are you considering making more between now and year end? If so, it’s important to be familiar with the tax rules for different types of donations so you can maximize your tax benefit — or at least avoid finding out at tax filing time that your […]

#CharitableGiving, #TaxDeductions, #TaxPlanning

Find Out More

Tax Planning

Consider your potential charitable deduction before donating artwork

Thinking about donating a painting, sculpture or other work of art to charity? Read this first to help ensure your tax deduction will be what you expect.

May 19, 2026

H&B

0

If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Special substantiation and appraisal rules may apply as well. Relation to charitable function Your deduction for a donation of art will generally be reduced if the […]

#ArtDonations, #CharitableGiving, #TaxPlanning

Find Out More

Tax Planning

Boost your tax savings by donating appreciated stock instead of cash

October 16, 2025

H&B

0

Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you donate long-term appreciated stock, you potentially can save even more. Not just a deduction Appreciated publicly traded stock you’ve held more than one year is long-term capital gains property. If you donate […]

#CharitableGiving, #TaxPlanning, #YearEndPlanning

Find Out More