Qualified charitable distributions from an IRA provide individuals over 70½ with a way to receive income tax savings on charitable gifts—even if they decide to take the newly increased standard deduction.
For tax year 2017, 37 million income tax returns reported charitable donations. For 2018 returns, that number is projected to decline more than 50% to a mere 16 million. Clearly, this is a drastic decrease. So what is happening?
Last Week at the Office…
We celebrated Jared’s birthday on Wednesday, November 27th with sushi and cake. His birthday was actually on Thanksgiving, and we are so thankful for Jared! Happy Birthday!!
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