YEAR-END GIFTS
Tax Benefits. Making gifts at year-end is a holiday tradition for many. When you itemize your tax deductions, gifts of cash may be used to eliminate federal income tax on up to 60% of your adjusted gross income. You may be eligible for both federal and state income tax savings.
Nontraditional Gifts. Gifts are not limited to cash. If you plan to make a nontraditional gift, don't wait until the end of the year. Plan early so you can make transfers before the end of the year to qualify for a tax credit. Feel free to contact the church office for assistance.
