With tax season in full swing, many of our donors use non-cash giving to support our libraries while benefiting their own finances. Gifts from your IRA are typically tax-free, and if you're 73 or older, they can fulfill your Required Minimum Distribution (RMD) without adding to your taxable income for the year. Transferring appreciated stock avoids capital gains taxes, and if you've held the stock for over a year and itemize deductions, you can claim a charitable deduction for its full fair market value. Learn more here or contact Alisa Mitchell at 941-404-4985 or alisa.mitchell@sarasotalibraryfoundation.org.
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