When Charitable Donations Make Cents
True charity is something we do out of the kindness of our hearts. Whether it’s something you do every year for your favorite nonprofit or a spur-of-the-moment kind of thing, it’s always an altruistic act. To amend the famous saying, when life blesses you with an abundance of lemons, make lemonade and donate the proceeds to charity!
When a loved one passes away, we often choose to honor their spirit by donating in their name. Turning your personal loss into something that can benefit people in need is one of the most selfless acts possible. So, it makes “cents” that your kindness be rewarded with a deduction when this Tax Day rolls around!
A Few of Your Options
At Art of Downsizing, we believe that it’s a perfectly viable option to opt out of having an estate sale for your estate liquidation. If it works for your situation, donating all of your loved one’s items to charity can be a positive outcome for you and for those in need. We can also arrange to have unsold items left after the an estate sale donated for you. Talk to the experts at Art of Downsizing or your CPA to learn your options.