With tax season and tax reform finally here, it’s also the time for charitable giving.
And with the deductions for charitable donations still intact in the current Republican tax plan, investors can rest at ease knowing whatever they choose to give will not only do good, but potentially help their bottom lines as well.
And those bottom lines could be doing even better if you know where/how to donate the money.
Donor-advised funds (DAFs) have surged in assets over the years as investors look to receive charitable donations and potentially create a life-long stream of giving. Perhaps more importantly, they have the potential ability to reduce taxes far greater than just sending a check to a local charity.
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