Now that the tax reform bill is about to become law, it is time to begin planning ahead for 2018 and beyond. As reported in the Wall Street Journal and other sources, due to the pending limits on deductions for state and local taxes for taxpayers who itemize, charitable contributions made before December 31 may be more beneficial in 2017 than in subsequent years.
Please contact your financial or tax advisor to determine if you might benefit from:
- Making additional charitable contributions to your parish or favorite Episcopal Charity in 2017
- Donating appreciated securities
- Creating a Donor-advised Fund with the Episcopal Church Foundation (ECF) to receive the full tax deduction in 2017, with the opportunity to make grants to your favorite charities in the future.
Please contact us for more information at firstname.lastname@example.org.
Wishing you and your loved ones a joyous Christmas season.