gcgang
Thinks s/he gets paid by the post
- Joined
- Sep 16, 2012
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https://www.cnbc.com/2018/12/18/how...ritable-donations.html?recirc=taboolainternal
Article states almost half of charitable givers who currently get a tax deduction will lose their deduction with the new tax law. Fears of charities that giving may decline are mentioned, as is the strategy of "bunching & skipping" annual donations.
For givers over 70 1/2 who take RMDs from their IRAs, the charitable option becomes even more attractive. That may appeal to me down the road as my DAF, funded during my high income years, becomes exhausted.
Article states almost half of charitable givers who currently get a tax deduction will lose their deduction with the new tax law. Fears of charities that giving may decline are mentioned, as is the strategy of "bunching & skipping" annual donations.
For givers over 70 1/2 who take RMDs from their IRAs, the charitable option becomes even more attractive. That may appeal to me down the road as my DAF, funded during my high income years, becomes exhausted.