Charitable Contribution Strategies
We all know the 2018 tax law changes were significant and some of the
most sweeping in past decades. One such change impacted charitable
giving ~ something that had many nonprofit organizations worried.
Why? Many financial experts and nonprofits feared donors would view
it more beneficial to forego itemized deductions, which includes those contributions to charity.
Good news! This fear did not come to fruition. With the use of tax advisor recommendations, donors could take advantage of other charitable contribution strategies to include appreciated investments, IRAs and even increasing their gift amounts. Therefore one-time worried organizations have sighed relief and have a more positive outlook for the year ahead.
For questions about your personal giving and tax deduction options, please ask one of our professionals.