Category: Strategies

Strategies: Bunching Charitable Deductions After Tax Reform

Posted Wednesday, March 14th, 2018
While tax reform has not gotten rid of charitable deductions, it has dramatically changed how most taxpayers will use them in figuring their taxes.  In prior years it is estimated that up to 36 million tax payers claimed a charitable deduction. The old system of itemized deductions made charitable deductions valuable for anyone who itemized and did not take the…