Tax season is upon us, and while it's often viewed as a tedious necessity, it also presents a unique opportunity to support the causes you care about. Donating to charity not only benefits worthy organizations but can also come with valuable tax advantages.

This year, consider utilizing the Givio app to streamline your charitable giving experience. Givio is a user-friendly app that connects you with a vast network of verified charities, making it easier than ever to find organizations that align with your values.

What is Givio?

Givio is a user-friendly app that simplifies the donation process, making it easier than ever to support your favorite charities. By connecting directly to your FSB account, Givio allows you to make secure donations to IRS-registered 501(c)(3) organizations with just a few clicks. Plus the app is housed within your FSB I-banking account, so no need to download an extra app.

Advantages of Using Givio:
  • Convenience: Donate anytime, anywhere, with just a few clicks on your phone or PC. No need to search for checkbooks or mailing addresses.
  • Transparency: Givio provides clear information about each charity, including their mission, impact, and financial data, allowing you to make informed decisions about your donations.
  • Security: The app utilizes secure payment processing to ensure the safety of your financial information.
  • Tax Efficiency: Givio keeps track of your donations throughout the year, providing you with a comprehensive record for tax filing purposes. This simplifies the process of claiming your charitable deductions and potentially reducing your taxable income.
Beyond the convenience factor, donating during tax season offers several benefits:
  • Reduced Taxable Income: In the United States, charitable donations can be deducted from your taxable income, potentially lowering your overall tax liability.
  • Feel-Good Factor: Contributing to worthy causes can bring immense satisfaction and create a positive impact on the world around you.

Remember:

  • Consult with a tax advisor to determine how charitable giving can impact your specific tax situation.
  • Ensure the organization you donate to is a qualified 501(c)(3) charity to be eligible for tax deductions.
  • Keep detailed records of your donations, including receipts provided by the Givio app.

By leveraging the Givio app and strategically planning your charitable giving during tax season, you can support the causes you care about while potentially reducing your tax burden.  Login to your I-banking account or mobile app, find the Marketplace tab, and get started with Givio today!

This blog is intended to be an informational resource for readers. The views expressed on this blog are those of the bloggers, and not necessarily those of FSB. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. FSB does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog.