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How to Bunch Donations & Save More On Your Taxes

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  • Опубліковано 2 кві 2023
  • In this video, we will explain how bunching your donations can help you save more on taxes.
    In this example, assuming Jamie is in the 24% tax bracket, without bunching, Jamie will save $3,324 ($13,850 is the standard deduction so 13850*.24 = 3,324).
    However, if Jamie does bunch their donations, Jamie will save $4,320 ($13,850 is the standard deduction so 18000*.24 = 4,320).
    That means that by bunching, they were able to increase their tax savings by 30% and will have an additional $1,000 to save, invest, or give.
    And if Jamie uses a donor-advised fund like Daffy, they can receive their tax deduction this year and spread out their donations to their favorite causes over the next three years. So if you wanna maximize your impact and your tax deductions, come join Daffy at daffy.org/.
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    Disclaimer: Please note that the information provided is for educational purposes only and should not be considered investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal investment or tax advice. To assess your specific situation, please consult with a tax and/or investment professional.

КОМЕНТАРІ • 1

  • @carrjar
    @carrjar Рік тому

    Does this work in the opposite direction? Can some go Standard, Standard, Itemized? It may be hard for some people to front load and easier to claim the bunch in year 3, instead of year 1.