Deductible up to 30% of your adjusted gross income for appreciated property owned for more than one year.
Unused amount may be carried over for up to five additional years.
Deduction based on xxxxx payments and a XX% charitable midterm federal rate.
Payments are taxed in four tiers based on the type of income the trust earns: ordinary income, capital gains, tax-free income and return of principal. See your trustee for the exact taxation of your payments each year.
Please note that the green bars are displayed using a percentage value, rather than a numeric value.Copyright © The Stelter Company, All rights reserved.
The information in this illustration is not intended as tax or legal advice. For tax or legal advice, please consult an attorney or CPA.
Figures cited in examples may not reflect your personal circumstances, are for hypothetical purposes only and are subject to change.
References to estate and income tax include federal taxes only. State income/estate taxes or state law may impact your results.