TAKE ADVANTAGE OF RECENT
TAX LAW CHANGES
Take Advantage of Recent Tax Law Changes to Support MAF
Your partnership brings Christ's love to isolated people around the world.
Through all the unexpected challenges we have faced lately, MAF's faithful supporters have stood by this ministry to generously use their resources to reach isolated people around the world with the love of Jesus. In response to the hardships many people across the country are facing today, the government has taken steps to make it easier to give to charities like MAF.
Recent tax law changes make it especially important to know what deductions and strategies are available for you. No one, including the IRS, wants you to pay taxes that you don't have to pay.
FIND YOUR CHARITABLE OPPORTUNITY
Below are several charitable giving opportunities for you to consider in light of this year's events and recently passed tax law changes.
NEW STANDARD DEDUCTION
This year, the standard deduction is $12,400 for single/$24,800 for married filing jointly. One way to take advantage of the higher standard deduction is to bunch your donations by giving more to charity every other year. This allows you to itemize the year that you make a larger donation and use the standard deduction the following year.
If you plan to give any cash to charity, consider transferring stock instead and you will save capital gains taxes.
While we cannot provide you with legal or tax advice, we do have tools available to you for free and with no obligation. Contact us for more information.