PLEASE MAKE A DONATION
All donations are made through our parent 501(c)3 Non-Profit: World Access For The Blind
Make The Most Of Your Charitable Donations Under New Tax Law
By RAY MARTIN MONEYWATCH
Deducting charitable donations made in 2018 may pose a problem for many taxpayers this year. That’s not because last year’s tax overhaul limited these donations — most are still deductible, just as they were in prior years.
However, the new tax law did increase the standard deduction and limited the deduction for state income and property taxes. That means more filers will find they’re better off simply claiming the standard deduction rather than itemizing deductions, including those for charitable donations. Here are the details behind the changes — and what you can still do to gain tax breaks from your charitable donations.
A new standard deduction
The new tax law increased the standard deduction for single filers to $12,000 from $6,350 and for married filers to $24,000 from $12,700. It also limited the deduction for state income and real estate taxes to $10,000. Because of these changes, some of the 45 million taxpayers who itemized deductions on Schedule A with their 2017 tax return will no longer do so.
But many Americans still plan to make charitable donations. If you’re among them and you’d like to get a tax break, consider bunching the donations you planned to make for the next several years and make a single large donation now, before 2018 ends. If the charitable donation is more than your standard deduction, you can claim the entire amount as an itemized deduction on your 2018 tax return.
You can do this is via a donor giving account or under a charitable giving program or donor advised fund. Major financial firms, including Fidelity, Schwab and Vanguard, all offer charitable giving programs that are easy to set up.
Donations of stocks
If you also own stocks or mutual funds with significant gains in a taxable account, here’s another valuable tax strategy to consider. You can donate appreciated shares of stock or a mutual fund that you’ve owned for more than a year instead of writing a check and giving cash.
If your donation of stock is worth $1,000 or more, the tax benefits can really reduce the aftertax cost of the gift. That’s because when you donate shares of an investment that has appreciated, you avoid ever reporting the gains as taxable income.
This tax benefit stems from the general rule that when you donate long-term property (owned more than one year), the deduction is equal to the donated property’s fair market value. This results in two potential tax benefits: a charitable donation deduction, plus the avoidance of tax on the capital gains.
Donations from an IRA
For anyone who has an IRA and is required to take minimum distributions from it each year, there’s a way to make charitable donations that will reduce taxable income dollar-for-dollar, even if you plan to claim the standard deduction and not itemize. Here’s how, and who, can do it.
If you’re required to take minimum withdrawals from an IRA or retirement plan because you’re age 70½ or older, you can use the pretax dollars in your IRA to make direct donations to a nonprofit, religious organization or other qualified charity.
This is called the IRA Qualified Charitable Distribution rule, and it allows IRA owners age 70½ or older who are subject to the required minimum distribution (RMD) rules to use the untaxed money in an IRA to donate to a charity tax-free. But you can’t also claim this charitable donation on your tax return (sorry, no double dipping allowed).
Note that the money withdrawn from an IRA and donated to charity stays out of your adjusted gross income only if you make a direct transfer to the charity. It’s not tax-free if you withdraw the money first, deposit it into another account and then donate it to the charity.
DONATE BY CHECK
Please make the check payable to: World Access For The Blind and mail to:
Visioneers | World Access For The Blind
650 N. Rose Drive, #208
Placentia, CA 92870
All donations made in the United States are tax-deductible.
VISIONEERS/WAFTB OPERATES PRIMARILY ON DONATIONS WHICH IS WHY WE NEED YOUR SUPPORT!
CAN YOU BELIEVE THIS?
Did you know that, within the Allied Health System, blindness is currently considered an untreatable condition for which no measure is recognized to add substantially to quality of life?
A blind person can’t even get health insurance to cover the purchase of a white cane nor training services for how to use it, as this device and these services are not considered by the current system to be critical supports to health, well-being, or livelihood.
That’s why we need your help.
We not only provide advanced full-length, state-of-the-art Perception Canes for our students, we teach them how to use it in conjunction with our FlashSonar™ refined system of human echolocation as they evolve from passive, dependent blind people into activational explorers of life who Visioneer their own pathways of achievement.
Our Vision Is Sound. Our Methods Are Science. Our Results Change Lives.
Our work over the past 18 years has been globally-recognized and validated by Science as adding substantially to quality of life for blind people by teaching them skills that grow more self-confidence, more self-directed navigation, and leading to greater freedom of access, freedom of achievement, freedom of choice, and freedom of movement as they participate in society at a whole new level of independence and equality.
Help us train and hire more instructors to reach more blind children at earlier ages and provide Visioneering Scholarships so that they can benefit from our globally recognized and rewarded innovative curriculum of instruction to see their way in a new way to a better quality of life!
Be A Flash Of Inspiration!
Even in this day and age, many blind children in the United States and around the world are ‘falling through the cracks’ of society due to a lack of funding or lack of access to educational resources and services, resulting in language and mobility delays and leading to isolation and dependence. The situation is even worse if they have been diagnosed on the Autism spectrum or with other sensory conditions.
For over 18 years, World Access For The Blind | Visioneers has specialized in working with these students, their families and school districts to formulate multi-faceted activational programs and mobility training approaches designed to instill knowledge, competence, confidence and self-directed independence in these students.
And as media coverage of our work echoes our clicks to billions of people around the world, we need to train and hire more instructors in the USA to meet the backed-up demand for our services.
Be a flash of inspiration for a new generation of blind students by contributing to our FlashSonar™ Tuition Scholarships, so that they can learn the skills to access, achieve and participate equally in the world around them.
‘Staying The Course Took Perseverance’
Following the founding of World Access For The Blind in 2000, 9/11 shook the economy “top to bottom”, as Success Magazine’s profile of Daniel Kish states. “All funding dried up overnight”, he [Kish] says [while waiting for his tax-exempt status to be confirmed]. He lived off his savings and credit cards . . . his gas was turned off . . . ‘my cupboards were bare’.
But thousands of clients later, Kish is still operating on a budget far leaner than he’d like, in part because he never turns any student away.”
Some years are better than others. 2017 was a particularly challenging year for funding for many charities across the United States, including ours, for political and other reasons. As you read in the message from Lead Visioneer Daniel Kish, we have many exciting opportunities coming up this year, but we need your immediate help to bridge the funding gap in the meantime.
Please help Daniel and the rest of the Visioneers | World Access For The Blind Team bridge that gap to continue to reach more blind students by making a secure online donation that is tax-deductible in the United States. We’ve partnered with the most secure online donation services to make sure your that when you enter your information is strongly encrypted and protected.
“The Boat’s Become A Ship – We Need A Bigger Engine!”
Visioneers | World Access for the Blind is a California-registered 501(c)(3) nonprofit charity that is disrupting well-intentioned, but outdated models of orientation and mobility education for blind persons that keeps them dependent on sighted guidance, and sighted-thinking.
We break through decades-old attitudes and paradigms by teaching blind people to see for themselves in an innovative and self-directed way. We’re a small organization of five blind instructors and a few paid or pro-bono consultants, who can barely keep up with demand. Global media coverage of our work has created a waiting list of blind and sighted people who want to learn our FlashSonar™ Echolocation for personal or professional reasons.
Your donations help to cover related training expenses such as travel and accommodation, especially where we provide affordable or pro-bono services to low-income students in need across the United States and around the world. With the launch of our Visioneers brand, we’ve added new services for Professionals in the Orientation and Mobility field, for Schools and Enterprise operations and other service categories with goal of building revenue that can sustain our current operations, and combined with your donations, build an endowment for the future that enables us to build the Visioneers Academy and support the training and hiring of more instructors to satisfy the growing demand for our services.
We hope you’ll be one of our Champions by making a donation today. Thank you!
COUNTRIES OF STUDENTS WE SERVED IN 2017
THANK YOU VERY MUCH FOR YOUR THOUGHTFUL AND GENEROUS SUPPORT!
LOOKING FOR A GIFT FOR A BLIND PERSON OR A BLINDNESS PROFESSIONAL?
GIVE THEM THE RESOURCE TEXTBOOK GIFT ABOUT LEARNING TO SEE WITH SOUND!
American Printing House for the Blind presents the definitive textbook on FlashSonar Echolocation written by Daniel Kish, considered the foremost expert on the subject, and Jo Hook, Attorney and Professor of Rehabilitation.
Here’s what APH says about it: Echolocation and FlashSonar provides research, case examples, instructional approaches, and practice exercises that can lead to mastery of echolocation skills.
This guidebook, written by Daniel Kish and Jo Hook, provides instructional strategies for teaching persons who are blind and visually impaired who are working independently. Although Echolocation and FlashSonar works well as an instructional manual for O&M specialists, it can also be used by adults who are blind and visually impaired and who are not working with rehabilitation professionals. An extensive list of references and resources is provided for the reader. The cost is $77.00 and a Braille edition is available as a free download.
We hope you will enjoy this book, and find it helpful. Neither the authors nor Visioneers/WAFTB receive any royalties for the sale of this book. If you find this book helpful, please consider helping us reach more blind students in more places with your tax deductible donation to Visioneers | World Access for the Blind.
Thank you kindly.