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  2. What is a 529 plan and how is it used? - AOL

    www.aol.com/finance/529-plan-used-175045824.html

    Some states offer tax deductions on contributions, and you can calculate your potential benefit with the help of Vanguard’s 529 state tax deduction calculator. Contributions are made with after ...

  3. Car donation - Wikipedia

    en.wikipedia.org/wiki/Car_donation

    For vehicles valued at less than $500, the deduction amount comes from the donor's own estimate of the car's value, even if the charity receives less money from its sale. Deductions greater than $500 are limited to the proceeds of selling the vehicle, usually at auction. The U.S Internal Revenue Service advises that starting in 2005:

  4. Charitable contribution deductions in the United States

    en.wikipedia.org/wiki/Charitable_contribution...

    To determine the amount that she may deduct as a charitable contribution, Abby must subtract the ordinary gain inherent in the inventory (the $200,000) from the inventory's fair market value (the $600,000). Thus, the amount of Abby's gift is $400,000 (fmv of $600,000 minus inventory's inherent ordinary gain of $200,000).

  5. These States Have the Highest 529 Plan Tax Deductions - AOL

    www.aol.com/finance/states-highest-529-plan-tax...

    Opening a 529 plan is a tax-advantaged way to set aside money for college. The money you contribute can grow tax-deferred and qualified withdrawals are tax-free. While there is no federal tax ...

  6. Donor-advised funds: A popular tax-advantaged way to ... - AOL

    www.aol.com/finance/donor-advised-funds-popular...

    So, for example, a couple may have itemized deductions of $20,000 and decide that they want to establish a fund with a $50,000 contribution and reap the additional tax deduction.

  7. 529 plan - Wikipedia

    en.wikipedia.org/wiki/529_plan

    A 529 plan, also called a Qualified Tuition Program, [ 1] is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. In 2017, K–12 public, private, and religious school tuition were included as qualified expenses for 529 plans along with post ...

  8. Here’s How To Claim That Car Donation as a Tax Deduction - AOL

    www.aol.com/finance/claim-car-donation-tax...

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  9. Donor-advised fund - Wikipedia

    en.wikipedia.org/wiki/Donor-advised_fund

    A donor-advised fund is an account at a sponsoring organization, generally a public charity, where an individual can make a charitable gift to enjoy an immediate tax benefit and retain advisory privileges to disburse charitable gifts over time. The contribution a donor makes to their donor-advised fund is 100% irrevocable and destined for a ...

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