We believe that all children, regardless of their disabilities, deserve an opportunity to participate in every facet of life. Because of our generous donors, we are able to reach countless children who otherwise may not benefit from the advances available to help them reach their full potential.

TAX CONSIDERATIONS

Federal Income Tax

Donor receives a charitable gift deduction in the year the gift is made based on calculations prescribed by the Internal Revenue Service. If the deduction is greater than I.R.S. allows, it may be carried forward into subsequent years.

Capital Gains Tax

If a gift of appreciated property is made, the donor is given gift credit for the current value and all or part of the capital gains tax is avoided.

Estate and Inheritance Taxes

By reducing the size of an estate through gifts to Boys Town National Research Hospital, the donor can lessen payment of estate taxes by the heirs. The federal estate tax is a progressive tax that can be as high as 60 percent. State Inheritance taxes can be as high as 15 percent.

TAX BREAKS

Spousal Exemption

All bequests and gifts to a spouse are made tax-free.

Annual Exclusion

A taxpayer and spouse may give $10,000 each, per year, to any recipient free of tax.

Unified Tax Credit

In the course of a lifetime, each taxpayer may make gifts to any recipient or recipients free of tax provided the total remains within the limits specified by the I.R.S.

Contributions to Boys Town National Research Hospital

Boys Town National Research Hospital pays no gift tax and the donor receives a charitable tax deduction according to the limits specified by the I.R.S.