How to Write Off Donations Under the New Tax Plan: Consider ‘Bunching’
- 6 years ago
How to Write Off Donations Under the New Tax Plan: Consider ‘Bunching’
They will continue giving under the new tax rules, he said,
but will plan to make their donations and itemize their gifts every other year, when they can beat the standard deduction.
Someone could “bunch” several years of donations to a donor-advised fund into one year, and take the tax deduction,
but then have the fund pay out the gift annually in equal amounts.
They will continue giving under the new tax rules, he said,
but will plan to make their donations and itemize their gifts every other year, when they can beat the standard deduction.
Someone could “bunch” several years of donations to a donor-advised fund into one year, and take the tax deduction,
but then have the fund pay out the gift annually in equal amounts.