Save on Taxes through Gifts of Commodities to Qualified Charitable Organizations

Cash-basis producers have an opportunity to make contributions of raised commodities directly to a charitable organization. The fair market value of the gifted commodity is excluded from taxable income of the donor, resulting in the potential for significant federal, state and self-employment tax savings.

To take advantage of this opportunity, there are certain guidelines and requirements that must be met.

Click here to read the full article and learn how this could work for you.