You may deed your home, vacation house or other property to Hospice Hawaii and still be able to live in or enjoy the property for the rest of your life. You’ll receive an immediate income tax deduction for the charitable portion of the gift and avoid capital gains tax. An irrevocable gift of your home will be removed from any estate tax.
This allows you to make a greater gift than you might have thought possible and receive immediate tax benefits without changing your living situation. This gift may be right for you if:
- You want to continue to live in your home
- You do not plan to pass on your home to family or other heirs
- You want to save income taxes now
- You want to make a significant gift to Hospice Hawaii
To learn more, send us an email at email@example.com or give us a call at 808-791-8084.