2017 – 12/12 – What you need to know about year-end charitable giving in 2017

Charitable giving can be a powerful tax-saving strategy: Donations are generally fully deductible, and you control when and how much you give. To ensure you receive your desired tax benefits, remember that, to be deductible on your 2017 return, a donation must be made by Dec. 31, 2017, to a “qualified charity” (one eligible to receive tax-deductible contributions). The charitable donation deduction hasn’t been proposed for elimination or reduction under tax reform, but there still may be reasons to maximize charitable giving this year. Contact us to learn more.


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