New Ways to Give to Charity While Getting the Best Tax Breaks
May 14, 2018
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By Debra Taylor, CPA/PFS, JD, CDFA
Because the Tax Cuts and Jobs Act has set such a high standard deduction, taxpayers may not get additional itemized deductions for charitable donations. However, with a little clever planning in charitable giving, taxpayers can exceed the standard deduction, start itemizing again, and lower their tax bill.