Posts Tagged: federal income tax deduction

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Donate Your House & Keep the Keys: Retained Life Estate

Your most valuable asset? Most would say, home. Could your home benefit your favorite charity? Yes, and with a retained life estate, you can give away your house, keep the keys, and get a current tax deduction. Under a retained life estate, the donor (you) irrevocably deeds a personal residence or farm to charity, but… Read more »