Charitable Giving: Tax implications of giving

By planning ahead, you can support the causes you care about and potentially realize tax benefits.

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How we can help

For more information on the tax implications of charitable giving, reach out to your Edward Jones financial advisor for the full report, "Charitable giving: Tax implications of giving." Your financial advisor can help you think through charitable giving goals, potential tax implications, and tradeoffs to create a financial strategy that's appropriate for your situation. To read more about specific financial tools for charitable giving, check out our report, "Charitable giving: Strategies to fit your unique needs."

Tax implications of charitable giving

In addition to supporting an organization or a cause that is important to you, one of the benefits of charitable giving can be a tax deduction. If you choose to itemize your deductions, the amount of your charitable deduction will depend on:

  1. Your adjusted gross income (AGI)
  2. The type of asset donated and how long you’ve owned it
  3. The type of organization you support

Zach D. Gildehaus, CFA®, CFP®, CEPA® Senior Analyst, Client Needs Research

Zach Gildehaus joined Edward Jones in 2013. He is a business owner strategist on the Client Needs Research (CNR) team, where he focuses his research efforts on strategies for charitable giving and business owners.

Prior to CNR, he was a senior analyst in Investment Manager Research (IMR), where he spent more than six years covering both active and passive strategies across several asset classes.

Important information:

This content should not be depended upon for other than broadly informational purposes. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation.

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