How tax changes may affect charitable planning in 2017
By: Jeremy Arkin - October 18, 2017
With President-Elect Donald Trump preparing to enter the White House, and with Republican majorities in both houses of Congress, we can expect a robust discussion regarding changes to the Internal Revenue Code (a.k.a. taxes) in the year ahead. Many of the details being discussed would affect the tax benefits currently available for charitable giving. I’ve summarized some of the tax proposals – and how they might affect philanthropic planning – here.
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.