The recent changes to the tax codes might mean something to you. Accelerating your charitable gifts to 2017 may have greater tax benefit than in future years due to an increase in the standardized deduction and lower future tax rates.
The major change that may impact your contributions is the standard deduction in 2018. The deduction for a person filing single will be $12,000, and the deduction for those filing married is $24,000. Deductions in 2018 for those taxpayers that itemize, ...Continue Reading →