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Tax-Wise Tips to End the Year Right

Ericka Webb

As winter approaches, our thoughts naturally turn to Christmas, New Year’s resolutions—and charitable giving.

When considering your end-of-year giving, remember that every gift to Boston College makes an indelible impact at the Heights. And, with a little planning, these gifts can create valuable tax benefits for you and your family.

Here are some tips to keep in mind:

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Maximize the impact of your gift to BC by making the donation before December 31—you’ll get an income tax deduction and may reduce the taxable portion of your estate. (IRS limitations apply)

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Consider using appreciated securities to make a gift—a tax-wise way to support BC. For securities held longer than one year, you can deduct the full fair market value and avoid paying capital gains tax.

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Explore a charitable gift annuity (CGA) at Boston College. You can make a gift now with cash or appreciated securities, receive tax benefits, and enjoy guaranteed income for the rest of your life.

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Make a gift directly to BC from your IRA. The distribution will not be subject to income tax, and it can count toward your required minimum distribution. You must be 70½ or older to take advantage of this giving option.



To learn more about these and other ways to show your support for Boston College, contact us at 877-304-SHAW or legacygiving@bc.edu.

As always, we encourage you to consult with a financial, tax, or legal advisor when making estate planning decisions.

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