5. Public Stock Goes Charitable
If your business is publicly traded, you can actually get a huge deductions should you decide to donate the stock to a tax-eligible charity. These stocks are eligible for a fair value deduction, and the donation of which actually keeps tax payers safe from capital gains taxes on those stocks. This is an excellent idea for those who purchased a stock for $1,000 and donate it at a value of $10,000 to avoid paying that tax.