No Charitable Deduction in 2018?

The tax payments handed by the Home and Senate would remove deductibility of state earnings tax and almost double the usual deduction, dramatically lowering the quantity of people that would profit from itemizing their deductions. Because of this, most individuals would get no tax profit from their charitable contributions. This text examines how a Donor Suggested Fund might permit donors to make a contribution this 12 months, getting a tax profit, after which launch the funds to charities sooner or later.

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