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.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.