Stock Options

Throughout the year, many of you will be reviewing your tax liability situation with your CPA or other advisors. Now is the time to plan a gift to help reduce the taxes you may need to pay.

A gift to BDPA of appreciated securities or mutual fund shares offers dual benefits: you will be helping our non-profit organization and you will get a tax deduction.

With any stock sale, you owe taxes on the capital gain, which are generally charged at a rate of 20%. But when you donate publicly traded stocks held long-term (owned for more than one year) to a qualified charitable organization, such as ours, you avoid all capital gains taxes. Plus, you may take the full fair market value of the stock gift as a charitable deduction on your income taxes. The maximum deduction you may take within a given tax year is 30% of your adjusted gross income. If you are unable to take the entire deduction in one year, you may carry the excess deduction forward for five additional years.

If you would like to know more about making a gift of stock or mutual fund shares, please email or call 925-689-2918. Your gift can be designated to help your favorite BDPA program.

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