Month: July 2019

5 Charitable Planning Options That Can Save You Money on Taxes

Since the 2017 Tax Cuts and Jobs Act, now more than ever there is a greater incentive for donors to contemplate whether charitable planning will provide an immediate or future benefit. Donors who will benefit from this range from business owners, executives, doctors, accountants, attorneys, professional athletes and even retirees due to the new deduction limits on state and local taxes (SALT), the elimination of several other deductions, as well as the increased standard deduction.