As 2021 ends and you are looking to increase your impact with San Diego Habitat for Humanity, consider these giving vehicles that offer significant tax advantages.
Cash Gifts: The CARES ACT allows you to receive an automatic, dollar for dollar deduction for up to $300 for individuals and $600 for couples filing jointly without itemization.
Appreciated Stock Gifts: Receive a tax deduction for the fair market value of your stock. San Diego Habitat makes gifting stock easy. Contact Susan.Perkins@sandiegohabitat.org for details. Note: itemization of deductions is required for this tax benefit.
Qualified Charitable Distributions (QCD) & Required Minimum Distributions (RMD): Qualified Charitable Distributions are not added to your taxable income for the year so you may be eligible for savings by directing a portion of your distribution directly to San Diego Habitat. Enjoy tax benefits from this charitable gift even if you do not itemize deductions.
Multi-Year Gift: If your income is particularly high this year due to an inheritance, year-end bonus, or a business sale, allocate your contribution to be paid out over multiple years and carry the tax benefit forward.
Please consult with your financial advisor to evaluate gift options and maximize your financial support of our mission. Your year-end contribution provides an opportunity for local families to have stable and affordable housing for generations.