Three Forks Voice - Connect With Your Community!

generac-home-standby-generator-banners

MSU Extension explains tax saving benefits

 

November 11, 2020



BOZEMAN — Montana State University Extension has revised a MontGuide that explains how charitable gift annuities could be used to meet both the philanthropic and tax savings goals of many Montanans.

“If you made a $10,000 gift to your favorite charity and received a tax credit that reduced your Montana income taxes by over $3,600, would you be interested?” said Wendy Wedum, MSU Pondera County Extension agent. “Keep in mind, a tax credit is a dollar-for-dollar reduction in the amount of actual income tax owed, while a tax deduction only reduces your taxable income.”

While other typ...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021

Rendered 07/27/2021 10:52