Tag Archives: Charitable

21 Million Taxpayers Will Stop Taking Charitable Deductions Under the New Tax Law

According to new Tax Policy Center estimates, the new Tax Cuts and Jobs Act (TCJA) will reduce the number of households claiming an itemized deduction relating to gifts given to non-profits from 37million to around 16 million for 2018. The… … Continue reading

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A better way to explain the introduction of credits against states' income taxes to serve charitable objectives

There has been a whole lot of talk recently (from me as well as others) concerning how state and local governments should respond to the drastic curtailment of federal income tax deductibility for state and local income and property taxes.One … Continue reading

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Why California’s Attempt to Make State Taxes a Charitable Deduction is Doomed

When your budget is out of balance there are two ways of getting it in balance: cutting spending or increasing revenue. For California’s Democratic politicians, the only way they want to balance the budget is to increase the revenue. The … Continue reading

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The Charms and Dangers of the Charitable Remainder Trust

The charitable remainder trust (CRT) has long been a popular planning vehicle for individuals interested in leaving something to charity. The CRT helps reduce the cost of giving and can also serve as a tax shield for highly-appreciated assets. A… … Continue reading

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12 Days Of Charitable Giving: Tandem

Shutterstock It’s the seventh day of my 12 Days of Charitable Giving for 2017. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for – well, 12 days (I’m clever that way). … Continue reading

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