Charitable Giving Strategies for Businesses in Virginia Beach and Hampton Roads

Giving back to the community matters. We’ll help you structure your charitable contributions so you maximize both the good you do and the tax benefits you receive.

Giving Tuesday and the holiday season are just a few great opportunities to set aside charitable donations which translate to deductions you can take at filing time.

Although the 2017 Tax Cuts and Jobs Act made charitable giving deductions more difficult to take advantage of, there are workaround options… donor-advised funds and bunching gifts among them.

And, ultimately, giving to charity is a great way to connect with your community, build your network, and boost company culture.

Some charitable giving strategies we can help you implement to reduce your tax burden include…



Donating stocks, bonds, or other appreciated securities



Making a qualified charitable donation (QCD) from an IRA



Bunching your charitable gifts into one tax year



Using a donor-advised fund



Giving through your will, trust, or retirement plan



Setting up a charitable remainder trust or charitable lead trust

End of year is, understandably, the most popular time to give. However, charitable giving strategies such as these can maximize your tax savings and the impact of your gifts all year round. When it comes to charitable donations, both the method and timing are important.

Ask to speak with one of our tax specialists to make a plan for your charitable contributions.

Ready for Expert Tax Guidance?

Schedule your consultation with FasTax, Inc. today and let our professionals simplify the process for you.

Schedule your consultation

Let Us Help:

A Moment to Give Thanks for My Hampton Roads Clients

As we’re entering Thanksgiving week, I’ve been thinking about how “interesting” this year has been. And I mean that in the polite way we describe things that are not exactly a joyride.The national noise was intense.- Inflation nearly made eggs feel like a...

What Are The Best Safe Online Shopping Tips For Hampton Roads Holiday Shoppers?

Key Takeaways Watch for IRS impersonation scams. Use a password manager. Strong, unique passwords for every account are non-negotiable. Keep your devices updated. Software updates often patch newly discovered security flaws. Use antivirus...

How Do Hampton Roads Investors Avoid Capital Gains Taxes From Selling Investments Or Property?

Key TakeawaysHold for at least one year and a day to qualify for lower long-term capital gains rates. Use losses to offset gains through tax-loss harvesting (but beware the wash sale rule). Time your sale during a lower-income year to take advantage of...

What is in the One Big Beautiful Bill? Child Tax Credit Changes for Hampton Roads Families

Key TakeawaysThe Child Tax Credit (CTC) is now worth up to $2,200 per child for 2025 taxes (filed in 2026). Up to $1,700 of the credit is refundable if you don’t owe any taxes. Because of the OBBBA, you (or at least one spouse if filing jointly) must...

What’s Alternative Minimum Tax? A 2026 Update for Hampton Roads High Earners

Key TakeawaysThe OBBBA changes the AMT landscape starting in 2026, meaning more taxpayers will be pulled into AMT territory. High earners in high-tax states (and those with ISOs or private activity bonds) are the most at risk of an unexpected AMT...

Can an ABLE Account Help Hampton Roads Families with Qualified Disability Expenses?

Key TakeawaysABLE accounts let you save and invest tax-free for disability-related expenses. Up to $100,000 in an ABLE account is excluded from Supplemental Security Income (SSI) resource limits, and Medicaid eligibility continues beyond...

How Does the Health Savings Account Work for Hampton Roads Taxpayers?

Quick Answers: How Does The Health Savings Account Work?You must have a qualified High Deductible Health Plan (HDHP) to open and contribute to an HSA (2025 min deductible $1,650/$3,300; max out-of-pocket $8,300/$16,600). HSAs give you a triple tax advantage:...

Multi-Generational Caretaking Tax Planning for Hampton Roads Families

One of the trends of recent years has been a rise in multi-generational living. Whether it's for economic or health reasons, when Mom and Dad or other, older members of the family move in, there are important things to keep in mind as it relates to maintaining your...

Tax-Wise Charitable Giving Strategies From FasTax, Inc.

It's a good idea to take your internal temperature and do whatever you need to do to get to a place of focus, amidst all of the national and global distractions that continue ad infinitum. Many of our Hampton Roads clients are under enormous pressure for one reason or...

FasTax, Inc.’s Top 5 List of Potentially Fatal Business Mistakes

There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...