Connecticut Charitable Giving & Philanthropic Planning Attorney

Charitable Giving & Philanthropic Planning Lawyer in Greenwich, Stamford, Darien, Westport, Fairfield, Trumbull, New Haven and Milford

While it is generally thought that charitable contributions are tax deductible, it should be noted that there are many exceptions. You do not want to donate far more than you normally would only to find that it is not deductible. It is wise to get advice from a professional before making significant donations. You are urged to contact a Fairfield County estate planning lawyer for advice on charitable giving.

Charitable and Philanthropic Giving

To get the benefit of charitable giving you need to itemize your deductions. If your deductions do not exceed the standard deductions of $5,800 for singles and $11,600 for filing jointly, you may want to take the standard deductions. You need to keep good records of all your charitable donations. Documentation requirements get stiff as the value of the item increases. For instance if you are going to donate an item worth over $5,000, you must get a written appraisal no earlier than 60 days before the donation is made and it must not only be signed by the appraiser, but by the party receiving the item.

There are also limitations on how much of your adjusted gross income you can deduct. However, if you do make a large donation, you may be able to take off the disallowed portion over the next five years.

Charitable Giving & Philanthropic Planning Lawyer in Fairfield County

At Massih Law, LLC, I provide guidance to clients making charitable donations throughout Fairfield County and New Haven County including, but not limited to, Greenwich, Stamford, Darien, Westport, Fairfield, Trumbull, New Haven and Milford. I, John N. Massih, am experienced in evaluating how much of a particular donation can be deducted. My purpose is to help clients to plan philanthropic giving so that it is accorded the maximum deduction. I invite you to contact me so that we can discuss your wishes regarding charitable giving and your estate.

Contact a Connecticut Charitable Giving & Philanthropic Planning Attorney for guidance regarding your charitable giving plans.