PetWill Radio

Wednesday, June 15, 2011

Breaking News On Tax Breaks For the Animal Rescuers Among Us | petMD

This is just the kind of animal lover, tax deduction story I love to hear! Congratulations to all those people committed to animal rescue that now have their efforts legitimized by the tax court! Go ahead and deduct those expenses. While you are at it, why not consider naming an animal rescue organization as a deserving recipient in your estate plan? Retirement plans make the perfect gifting vehicle - avoid both the income tax and any potential estate tax that would result. You can also consider charitable gift annuities that would provide for a friend or loved one for a lifetime and provide the charity of your choice with a remainder interest gift. There are lots of ways we can do well by doing good. For more information, I cover the charitable giving topic in some detail in "All My Children Wear Fur Coats - How to Leave a Legacy for your Pet."

Breaking News On Tax Breaks For the Animal Rescuers Among Us | petMD

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