Donors planning their year-end charitable giving may want to consider the potential impact of President-elect Donald Trump's tax plan on the income tax charitable deduction. If the Trump plan were adopted as proposed, the value of the charitable deduction for top earners would be diminished. Specifically, the plan would:
What do these proposals mean for charitably-inclined taxpayers? Donors who have already pledged gifts to charity may wish to fulfill those pledges by the end of 2016. Likewise, those who are considering committing funds to charity, whether directly, through a private foundation or through a donor-advised fund, may wish to accelerate their plans rather than waiting until next year. If you think that accelerating your charitable giving may help reduce your income taxes, you should contact your tax adviser as soon as possible.
Day Pitney Trusts and Estates Partner Tasha K. Dickinson has been named to South Florida Business & Wealth's 2024 Prestigious Women Awards list.
Day Pitney Press Release
Day Pitney's Executive Committee, Executive Board and department leadership changes were featured on CityBiz.
Day Pitney Press Release
Day Pitney Litigation Partner Mark Romance and Trusts and Estates Partner Melissa Rodriguez authored the article "Insights Into Florida Trust and Estate Litigation Trends," for Daily Business Review.
Day Pitney's Executive Committee, Executive Board and department leadership changes were featured in Law360 Pulse.
Day Pitney Press Release
Day Pitney New Haven Partner Rebecca Iannantuoni will receive The Honorable Anthony V. DeMayo Pro Bono Award.
Day Pitney’s Executive Committee, department leadership changes were featured in Hartford Business Journal.
Day Pitney Trusts and Estates Partner Rebecca Iannantuoni was featured in Law360's coverage of the Connecticut Bar Association's 2024 Celebrate with the Stars ceremony.
Copyright © 2024 Day Pitney LLP, all rights reserved.