Vermont is a great place to live. As of 2013, there were over 626,000 people living in Vermont. It is the state that produces the most maple syrup in the United States of America. It was the 14th state to join the Union, and joined the United States in 1791.
There are many fantastic people who work hard to make Vermont a wonderful place to live. Even despite being a small state, Vermont has a huge amount of pride, and many charities who work to serve the people of Vermont who are most in need. Charities here focus on providing a hand up and not a hand out.
In today’s economy, many charities are struggling to keep their doors open due to increased demand and high costs. Charities are working tirelessly to write grants, collect donations and find funding so they can continue to do the work that they do best: serving the people of Vermont. Your Vermont farmland donation can help a charity expand its current operation or be sold to bring revenue for the charity to help them continue their hard work.
Farmland Donation Vermont
The good news is that farmland donation is not complicated to do. Many charities help fill out all the paperwork, meaning that what you can simply sign the deed of farmland over to the charity. This means you will no longer have to worry about paying for expensive realtor's fees or farmland taxes; donation can help free you from those liabilities. Always be sure to talk to a trusted advisor to determine the maximum benefit of donating farmland.
Not Sure If Your Farmland Donation Qualifies?
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Rewards for Donating Farmland in Vermont
We all know that one of the best rewards of donating to charity is to see the charity itself expanded, but there are other rewards available too. Firstly, you are almost always able to deduct the full face value of the farmland that you donated from your taxes. That means that if you paid $57,000 for the farmland when it you first bought it, and it sold for $75,000 now, you can deduct $75,000 from your taxes. Always talk to your tax professional to determine the maximum benefit for you.
Call 1.888.888.7187 today and ask your friendly specialist for more details!