In our first post, we considered the potential impact of several of President-elect Joe Biden’s proposed tax measures on charitable giving, focusing on proposals related to revenue earned by a taxpayer:  income and capital gain taxes. Today’s post focuses on Biden’s proposals that signal changes to the taxes imposed when an individual transfers wealth to […]

Prior to the election in November 2020, former Vice President Joe Biden released a series of tax reform measures he would pursue if elected. At the time this post is being written, President Donald Trump continues to challenge the results of the election in several states, and control of the U.S. Senate will come down […]

Tax incentives for philanthropic gifts to charity may have decreased under the Tax Cuts and Jobs Act of 2017, but creative donors are still finding ways to maximize tax savings while supporting charitable causes. Our Blueprints blog three-part series — “3 tax reform charitable giving strategies” — highlights philanthropic options in light of the latest […]

While the Tax Cuts and Jobs Act of 2017 changed important parts of U.S. tax law, donors still have many ways to maximize tax savings while making charitable gifts. Our Blueprints blog three-part series — “3 tax reform charitable giving strategies” — highlights philanthropic options in light of the latest tax reform legislation. The first […]

The Tax Cuts and Jobs Act of 2017 was signed into law in December 2017. It is the first major tax reform act in the United States since 1986 when Michael Jackson and Cyndi Lauper were at the top of the music charts! Major elements of the act include: Reducing tax rates for businesses and […]

On Wednesday, December 20, the U.S. House and the U.S. Senate approved a major tax reform bill, which President Trump is expected to sign into law before the end of the year. The bill contains several elements that will have an impact on the tax benefits of charitable giving in 2018 and beyond. What are […]

Tax reform is in the headlines again, and several alumni have contacted our office to ask how charitable giving may be affected, so we thought we’d provide this brief update. At this time, there are three major tax reform proposals getting a lot of attention, outlined below. 1.  Unified Framework for Fixing Our Broken Tax […]