Charitable Giving Strategies To Reduce Taxes with Justin Harvey

<p>It&rsquo;s that time of year again where many of you are considering giving generously to help others.&nbsp; What are some of the best tax strategies for giving?&nbsp;</p> <p>In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Justin Harvey, a fellow Certified Financial Planner (CFP&reg;) and founder of Anesthesia Success&mdash;a planning firm and podcast dedicated to helping anesthesia and pain physicians make successful career and financial decisions.</p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>Charitably inclined? Uncle Sam encourages contributions to help everyone</li> <li>Science of Giving: Feels good when faith shapes financial plan/philosophy</li> <li>Giving Forms: Generously invest time, money, emotion for observable impact</li> <li>Is giving important? When? Giving imperfectly is better than not giving at all</li> <li>Standard vs. Itemized Deduction(s): Cultivate desire and mechanics of giving</li> <li>Charitable Contributions: Change from above- to below-the-line tax deduction</li> <li>Appreciated Securities: Giving a security that has unrealized taxable gains</li> <li>Taxable Accounts: Investment account type that has no inherent tax advantage</li> <li>Donor Advised Fund: Pros and cons of using the DAF strategy for giving</li> <li>Batched Giving: Strategically think about timing of gift based on tax situation</li> <li>Internal vs. External Factors: How will tax situations, brackets, policies change?</li> <li>Tax Impact: Qualified Charitable Distribution vs. Required Minimum Distribution</li> <li>Private Foundations: Give more meaningfully charitably to express generosity</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="mailto:justiin@apm-wealth.com">Justin Harvey&rsquo;s Email</a></p> <p><a href="https://apm-wealth.com/">Anesthesia Success</a></p> <p><a href="https://anesthesiasuccess.com/episodes/">Anesthesia and Pain Management Success Podcast</a></p> <p><a href="https://home.treasury.gov/policy-issues/cares">CARES Act</a></p> <p