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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (60231)12/23/2017 10:30:55 AM
From: Keith J  Read Replies (1) of 78958
 
Here's a fairly decent calculator on tax impacts.

marketwatch.com

Paul, regarding charitable giving I will probably accelerate some giving before year end. Going forward, I'll likely just continue giving at roughly comparable level as before despite the fact that I will no longer receive a tax benefit for doing so (at least at Federal level) and take the view that a portion of the reduced taxes I'm paying are going towards charity.

With the SALT $10k limit and rapidly declining mortgage interest, we'd be pretty far away from reaching the $24k threshold - so even putting multiple years of giving into one would still leave the vast majority of the giving as not being deductible. But I can certainly see charitable giving declining overall with less taxpayers being able to itemize.

KJ
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