Donating stock directly can significantly affect your tax deductions in a positive way. This strategy is particularly beneficial if you've seen substantial gains in your stock portfolio. When you donate stock directly to a charity, you can avoid the capital gains tax that would be triggered if you sold the stock. This means you can donate more to your chosen charity and also save on your tax bill. For instance, if you purchased shares at $50 a share years ago and they are now worth $150 a share, you would have a gain of $10,000 on your original investment. If you sell that stock, you might face a tax bill of as much as $3,000. However, by donating the stock directly, you can avoid this tax and donate the full value of the stock to your chosen charity. Daffy is a great option for a Donor-Advised Fund (DAF) that allows you to donate stock directly to charities. With Daffy, you can maximize your tax deductions and make a bigger impact on the charities you support. It's a win-win situation for you and the charities you care about. So, as we approach the end of the year and consider our tax strategies, remember that donating stock directly to a charity through Daffy can be a smart move. It allows you to make the most of your stock market gains, support the causes you care about, and save on your tax bill.