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Taking advantage of QCDs over the years has been a bit of a roller coaster ride for taxpayers because Congress would repeatedly repeal and then later reinstate the provision. To resolve this dilemma and encourage charitable giving, President Obama signed legislation in 2015 that made QCDs permanent.
Read MoreDepending on your tax bracket and the type of gains realized, the IRS can chew up to 43.8% of it in taxes.Simply put, tax efficiency is a measure of how much of an investment’s return is left over after taxes are paid. Tax efficiency shouldn’t become so much of the focus that it degrades your portfolio performance; rather it should help preserve gains as much as possible.
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