The New Reality: Most retirees will not receive a tax benefit moving forward from their charitable donations. This is caused by the increase of the standard deduction for individual files and those Married filing jointly. Today in this video I will share with you what the bright side of these new tax rules.
You will learn…
- How you can use the new standard deduction and still benefit from your charitable donations
- Tax Strategies: QCD, In-kind Donations and Donor Advised Funds
Make sure to watch our more detailed explanation of these three tax strategies in later posts.