The tax bills passed by the House and Senate would eliminate deductibility of state income tax and nearly double the standard deduction, dramatically reducing the number of people who would benefit from itemizing their deductions. As a result, most people would get no tax benefit from their charitable contributions. This article examines how a Donor Advised Fund could allow donors to make a contribution this year, getting a tax benefit, and then release the funds to charities in the future.
No Charitable Deduction in 2018?
Daniel DeBruyckere
Latest posts by Daniel DeBruyckere (see all)
- Top 5 Probate Mistakes to Avoid - February 14, 2019
- Can a Trustee Be Held Personally Liable for Mistakes? - February 12, 2019
- Domestic Asset Protection Trusts - February 7, 2019