The price of giving – Tax reform’s impact on charitable donations
Abstract: For those who make substantial donations to charity, it’s important to evaluate the impact of the Tax Cuts and Jobs Act (TCJA) on the “price” of the gifts. Even though charitable giving is motivated primarily by compassion and generosity rather than the availability of tax incentives, the after-tax cost may affect the amount a person is willing or able to give. This article examines how the TCJA affects charitable giving. A sidebar discusses charitable IRA rollovers.