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.
- Fair Isn’t Always Equal and Vice Versa - November 12, 2020
- Staying Current is Especially Important in the Pandemic - November 4, 2020
- Economic Fallout from Coronavirus May Provide Opportunities - May 20, 2020