A recent New York Times article referred to Donor Advised Funds as being a ploy for the rich to use to evade tax. The truth is the opposite – donor advised funds are a very good charitable giving vehicle for all donors.
Charitable planning has always been an important aspect of estate planning and tax planning. Now a new Indiana tax credit has gone into effect..
Charitable Remainder Unitrusts offer tax benefits to the donor. More important – a CRT helps with the now and the later.
Combining RMDs with charitable gifting can lead to major tax savings.
The timing of charitable gifts can make a big difference in both tax planning and gift impact.
Many year-end tax planning decisions impact and are impacted by your estate plan.
The SECURE Act has deferred the time when mandatory withdrawals must be taken from IRA accounts. Still, Qualified Charitable Distributions may be made beginning with the account holder’s age 70 1/2.
Sarah Weaver of the Central Indiana Community Foundation shares insights into charitable gift planning and donor-advised funds.
Thanks to the Tax Cuts and Jobs Act of 2017, the use of donor-advised funds is soaring. These arrangements make it possible for donors to enjoy tax deductions now, but make specific distribution decisions later.
2021 happens to be an especially good year for charitable planning. Two tax breaks first signed into law last year are available once again this year.
