Year-end is a great time to review important financial plans and documents. There are many tax changes being proposed now that may be in effect next year.

  • Review your projected income (including gains), deductions, and credits for this year and next and consider whether you can time your income, deductions, and credits in a way that minimizes your income taxes.
  • Review your will, trusts and plans. Ensure that you are still comfortable with your bequests and dispositions, executors, trustees, and guardians. Additionally:
    • Review the agents named under your financial and medical powers of attorney to ensure that they are still appropriate.
    • Review living wills and verify that you are comfortable with the healthcare and end-of-life-related instructions that you previously made.
    • It’s also important to communicate the location and intention of your estate planning documents with the appropriate individuals.
  • Check your beneficiary designations on your retirement accounts and life insurance policies to ensure they reflect your wishes.
  • Maximize your IRA contributions (You can make 2021 contributions to traditional IRAs or Roth IRAs until April 15, 2022. Check contribution limit amounts.)
  • Take your required distributions (RMDs) from your IRAs (generally 72 yrs.) and make any Qualified Charitable Distributions (QCDs).

Charitable Giving

  • Make year-end gifts to charities, Donor Advised Funds or Private Foundations.
  • Consider if assets are an option to donate (QCDs, stocks, real estate, etc.) before December 31, 2021.

Please check with your tax professional for guidance on best actions for your life circumstances.

To learn more about how your gifts can make a lasting impact at United Way of Greater Atlanta, contact Eve Powell at epowell@unitedwayatlanta.org.

More than just savings on your taxes, these are all high-impact ways to demonstrate your commitment to the common good. Today, tomorrow and forever.

Make a Gift From Your Donor Advised Fund

Make a one-time gift or create a recurring monthly or quarterly gift – an easy way to show your commitment all year long. To make a gift from your DAF, simply recommend to your institution that a gift from your fund be made to United Way of Greater Atlanta’s Child Well-Being Impact Fund.

Give a Gift of Stock

Transferring appreciated stocks allows you to avoid paying capital gains tax and deduct the full amount of your stock from your tax return. Transferring stock is a powerful gift to provide immediate funds to United Way of Greater Atlanta. Transfer stock now. 

Give a Gift for Later (Free Today!)

You can support United Way of Greater Atlanta forever without paying anything today using our free will-writing tool. A legacy can ensure we can improve lives in our community for generations to come. Write your will and include United Way of Greater Atlanta today. 

Give From Your IRA

If you’re 70.5 or older and have a traditional IRA, you’re eligible to make a tax-free gift known as a QCD (Qualified Charitable Donation), regardless of if you itemize deductions. Make a QCD today. 

More than just savings on your taxes, these are all high-impact ways to demonstrate your commitment to the common good. Today, tomorrow and forever.

Thank you for helping to build thriving communities with United Way!

Questions? Please contact your United Way of Greater Atlanta representative.