Tag: charitable giving
Charitable Gifting Today
The Tax Cuts and Jobs Act of 2017 eliminated or capped a lot of itemized deductions for most taxpayers. While deductions for charitable gifts were preserved, raising the standard deduction meant that many taxpayers lost the benefit of all but the largest donations. Here are some strategies that you can use to squeeze out the […]
Charitable Giving is on the Rise
By Rick Brooks According to a report by Giving USA, gifts to charity totaled $335.2 billion last year, up 4.4 percent from 2012 and almost back to the peak levels reached in 2007. I’ve also had the pleasure of being able to assist some very generous clients with their personal gifts recently, so I thought […]
