Give the Money, Keep the Tax Break with Donor-Advised Funds
by Scott Tucker, Investment Adviser Representative, President, Scott Tucker Solutions
Jul 10, 2019
3 minutes
I doubt many people would say that getting a deduction on their income taxes is their main motivation for charitable giving.
It's more likely they've been inspired to support a cause they believe in or an organization they respect -- a children's hospital, veterans group or maybe research into a medical condition. Some people just have a philanthropic mindset.
Still, taxes are an important consideration for many donors, who may have given more to their favorite charities over the years because of the tax deduction they received when itemizing on their income tax returns.
Getting that charitable tax deduction is tougher now, since the Tax Cuts and Jobs Act of 2017
You’re reading a preview, subscribe to read more.
Start your free 30 days