DEADLINE: The tax deduction deadline for year 2022 giving is "postmark of RECEIPT" by Willow Glen Bible Church on or before Saturday, December 31st. You may use the church mail slot located on the Hicks Ave. side of the building for month-end checks. Please plan accordingly.
STOCK GIFTS: You may achieve significant tax savings by donating shares of stock rather than selling them and donating the proceeds. Please be aware that stock donations may take days to process, so plan in advance. Contact Dan Ruiz for instructions.
IRAs: It is not too late to take advantage of a special law that allows those who are 70.5 or older to donate directly from their IRA while avoiding all income tax on the distribution.
REQUIRED MINIMUM DISTRIBUTIONS (RMD’S): Under current tax laws you can contribute up to $100,000 from your retirement account without paying taxes on the distribution.
Please consult a financial advisor or investment company on how the following provisions may impact your charitable contributions in the 2022 tax year.
Thank you for your generous gifts!
