Expecting a Lower Future Tax Rate? This 2017 Planning Opportunity May be Right for You
When you fund a Donor Advised Fund you receive a current year tax deduction in exchange for setting aside money for future donations. Front loading future donations before your tax rate is lowered can help make the most of your charitable giving. If you plan on creating or making a contribution to a Donor Advised Fund in 2017, you should act promptly. The custodians set internal deadlines prior to year-end to allow for processing. Anyone looking to learn more about the potential benefits of Donor Advised Funds should contact a Withum Wealth Advisor.
As with all things tax related, we encourage you to reach out to your Withum Tax Advisors before making any changes to current year end planning.
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|Ryan Fause, MSF
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