Home » News » IRS Loophole Could Save You Thousands

IRS Loophole Could Save You Thousands

//////////////////////

Did you know that by gifting appreciated stock to TFAS, you can support our transformational academic programs while giving less to the IRS?

Instead of giving up your gains to taxes, your smart investments can support TFAS academic programs.

By giving a gift of common stock held longer than one year, you avoid all capital gains taxation on the transfer, and TFAS receives the full value of the stock. This enables you to give more to TFAS and less to the IRS. Consider the huge capital gains that would be due if you sold, let’s say, Apple Inc. stock, which is up 1,119 percent over the past ten years. Or Netflix, which is up 1,348 percent over ten years. When you have invested so well, why give up so much of your gain in taxes?

It’s very easy to donate stock. Just contact your broker to transfer some of your holdings to TFAS. You can even set up regular gifts at predetermined intervals, such as the first Monday of each quarter.

Please contact TFAS directly at 202-986-0384 or email him at info@TFAS.org if you would like to make a gift of stock. We will need your name, your phone number, the name of the stock you are giving and the number of shares (e.g. 25 shares of Microsoft).

Be sure to take action ASAP to take advantage of this opportunity before the year end.

1188
post

Recent Posts

//////////////////////

Lessons from Ronald Reagan’s Presidency with Dr. Donald Devine

This week, another exceptional guest joins us on the Liberty + Leadership Podcast: Dr. Donald Devine - President Ronald Reagan’s civil service director and TFAS senior scholar.

NPR Editor’s Tell-All Confirms What We Already Knew About The Media

Below is an excerpt from an op-ed by Roger Ream that originally appeared in The Hill. You can find the entire article here.  2024 has not been kind to American journalism. Mainstream news outlets — including NBC News, CBS, Washington Post, Los Angeles Times,…

Jillian Lederman and Luke Lyman Selected as 2024 Joseph Rago Memorial Fellows for Excellence in Journalism

The Fund for American Studies (TFAS) and The Wall Street Journal are pleased to announce Jillian Lederman and Luke Lyman as the two recipients of the 2024 Joseph Rago Memorial Fellowship for Excellence in Journalism. The Fellowships are being awarded to two…