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 below. Your deduction will depend, in part, on the type of asset that you contribute.

The Fidelity Charitable Giving Account Guide is a good reference for tax questions. This section addresses only federal taxes. Rules and regulations regarding tax deductions for charitable giving vary at the state level. In addition, certain additional rules or limitations may apply with respect to your tax treatment, depending on your specific circumstances. Please consult with your tax advisor.