How To Reduce Your Taxable Income By Giving To Nonprofits

Are you looking into ways you can reduce your taxes? Here is how to reduce your taxable income by giving to nonprofits.

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Toby Mathis, Esq. with Anderson Business Advisors is here to help you learn different ways to help others help you. By utilizing some of the tips and tricks in this brief video, you too can make both the world and your accounts a better place. Especially if you are up there in the percentile of earners.

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"You might be surprised how little money it takes to be in the top ten percent" 0:16

With that in mind, how you choose to handle your extra income can either help or hurt your finances drastically.

One such trick can include investing in housing for the less fortunate.

If you are willing to buy into housing that's doing a public service… 15:38

Well, you are going to have to watch the video to learn more about that juicy piece of knowledge.

There are so many different methods of investing in nonprofits although some rely on passing the public support test. However…

The beautiful part about people that are high-income earners is that they tend to hang around other high-income earners. 26:01

There is so much to go over in this fascinating, money-saving topic so we hope that you will watch our video until the end.

Lastly, if you have any questions or comments, reach out to us in the comments section below, and we will try our best to get back to you in a timely manner.

Thank you for joining us in this latest installment to the channel, and we look forward to seeing similar faces in the future.

Show Notes

0:00 Intro
0:13 Who is a high-income earner
5:58 First example
16:35 Second example
22:40 The term "Oil & Gas" and what it means for high earners
28:16 469(c)7
33:34 Outro
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ABOUT TOBY MATHIS

Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.