What does “immediate tax deduction” mean?
Fidelity Charitable donors may be eligible to take an itemized deduction valued on the date their charitable contribution to Fidelity Charitable is made, subject to the general limitations described in “What are the limitations on charitable deductions?”, below. Your deduction will depend, in part, on the type of asset that you contribute. Please check with your tax advisor. Deduction amounts follow: • Check/wire/Electronic Funds Transfer: Your deduction is generally the amount of your cash contribution. • Publicly traded securities: For publicly traded securities held for more than one year, your deduction generally will be the fair market value of the securities on the day of the contribution. • Securities that are not publicly traded: For securities not publicly traded that have been held for more than one year, your deduction will be the fair market value determined by you in a reasonable manner on the date the contribution is made. The IRS will require you to obtain a qualified in
