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.
Here are five charitable planning options that can save you money on taxes in 2019 and beyond:
1. Donor-Advised Fund (DAF)
A donor-advised fund is a separately managed charitable investment account that is operated by a section 501(c)(3) organization,).
You’re reading a preview, subscribe to read more.
Start your free 30 days