At CCM, we believe an integrated financial plan is key to best supporting our clients in fulfilling their financial goals. In our experience, families benefit most from integration that incorporates investment, estate, tax, retirement, risk management, and philanthropic plans. Since qualified charitable distributions (QCDs) and donor advised funds (DAFs) are tax-efficient charitable giving strategies, their impact is significant across three of the disciplines CCM emphasizes and, thus, the ... [Continue Reading]
Qualified Charitable Distributions
Articles and resources related to Qualified Charitable Distributions.
The Tax Cuts and Jobs Act of 2017 has become a catalyst for taxpayers to revisit their charitable giving strategies. Under the new law, many taxpayers will no longer be able to itemize deductions on a regular basis due to the following changes: The standard deduction has been increased from $12,700 to $24,000 for a married couple filing jointly ($26,600 if both spouses are age 65 or older) and from $6,350 to $12,000 for a single taxpayer. The deduction for state income taxes and real ... [Continue Reading]