No Charitable Deduction in 2018?

Jan 6, 2018

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?

Page Tools

  • Share this page SHARE
  • Print Friendly and PDF

Other Articles You May Find Useful

Retirement: It’s not Just About the Money
A Special Option for Special Kids
Would You Prefer a Charitable Deduction This Year?
New Year’s Greetings
Basics of Estate Planning: IRAs