2020 Year-end Charitable Giving Tax Incentives for Individuals

Charitable giving Tax Incentives individuals 2020

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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