How to Realize Tax Benefits for Charitable Clients
Changes in the tax code have doubled the standard deduction, meaning that clients who donate money to charity may not see the tax benefits to which they are accustomed. Advisers can help by encouraging clients older than 70Â˝ to use qualified charitable distributions and having younger clients use gift clumping strategies. Volume 1 of The Adviser’s Guide to Financial and Estate Planning has several chapters dedicated to charitable and giving strategies.
To read the full article in Financial Planning, click: How to Realize Tax Benefits for Charitable Clients.