Posts Tagged ‘charitable giving’
2020 Year-end Charitable Giving Tax Incentives for Corporations
Once again, the grocery store bell ringers are out with red buckets seeking spare change in this giving time of the year. Yet a pall rests over the season due to pandemic-related economic reversals felt by even the jolliest of citizens. It is rumored that Rudolph, Prancer, and Vixen were furloughed, and Santa will lighten…
Read More2020 Year-end Charitable Giving Tax Incentives for Individuals
Given that the 2019 tax reform act reduced the domestic corporate tax rate to 21%, far less than the top individual marginal tax rate of 37%, charitable giving opportunities at the individual level may provide potentially more tax savings for individual taxpayers than for corporate taxpayers. Noteworthy individual tax-saving opportunities for year-end charitable giving include:…
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