10-30-26 Smart Tax Strategies for Year-End Charitable Giving

Halloween candy, Christmas shopping, and year-end tax planning collide in this episode of Financial Fitness Friday, as the conversation turns from candy corn and holiday traditions to charitable giving strategies that could you reduce your tax burden. With changes under the One Big Beautiful Bill (OBBB), understanding charitable contribution deductions, itemizing versus taking the standard deduction, and qualified charitable distributions (QCDs) is increasingly important for taxpayers planning their year-end finances. The discussion explores how donor-advised funds can help families make charitable contributions today while distributing donations to their favorite organizations in future years. Richard Rosso & Jonathan McCarty also examine how bunching charitable contributions into a single tax year may create additional tax advantages, particularly for households navigating retirement, longevity risks, and changing tax rules. Along the way, there's plenty of Halloween humor, including the origins of candy corn, half-price holiday candy, Reese's controversies, Russell Stover chocolates, Carl Icahn's charitable support for dogs, aging stereotypes, and even a few jokes about Brent's Mazda Miata. Whether you're approaching retirement, managing your family's charitable legacy, or simply looking for smarter ways to give, discover how thoughtful charitable planning can support the causes you care about while potentially improving your tax efficiency. 0:00 - INTRO 0:19 - Getting Ready for Halloween...and Christmas; half-price candy 2:06 - The Origins of Candy Corn 3:56 - Charitable Giving under OBBB 7:24 - Itemizing - Credits vs Deductions 10:32 - Qualified Charitable Contributions (QCD) 13:07 - Strategies for Charitable Giving at the End of the Year 14:24 - Old People Portrayals 16:22 - Longevity Risks & QCD's 17:40 - Making Fun of Miata's 20:15 - Coming Up With a Charitable Structure that Works for Your Family 22:06 - Donor-advised Funds today for giving later 26:24 - Halloween on a Saturday/Reese's Lawsuit 28:55 - Working for Russell Stover's 31:23 - Stacking the Itemizing in One Year ==== Hosted by RIA Advisors' Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/mUo403CZ9V4 -------- Watch our previous show,