Article on The Tax Cuts and Jobs Act and Charitable Giving: Impact and Planning Strategies

Julie R. Sirrs recently published an Article entitled, The Tax Cuts and Jobs Act and Charitable Giving: Impact and Planning Strategies, Probate & Property Magazine, Vol. 33, No. 6 (Nov/Dec 2019). Provided  below is the introduction to the Article:

The Tax Cuts and Jobs Act (TCJA) effective January 1, 2018, represents one of the most significant changes to the US Tax Code in decades. One area in which the TCJA appeared to formally change little was the deductibility of charitable gifts. Other changes under the TCJA, however, particularly those resulting in dramatic reduction in the number of taxpayers who itemize, have had a profound impact of charitable giving and require new strategies for charitable gift planning. This article will explore those changes and suggest opportunities to maximize the tax benefits of charitable giving under the new law.