Personal Finance Buzz

IRS tax regulations allow you to donate stocks and mutual funds to non-profit organizations. Understanding a few tax implications regarding your contribution will help add value to your donation. However, many people think that donating the stock and selling the stock to give the money to a charity yields the exact same results. However, by donating the stocks with a capital gain, both the donor and the recipient will benefit more if the stocks are donated instead of selling them and donating the cash.