Advisors: What the new tax law means for your clients

by NCF staff  |  February 06, 2018  |  Type: Insights

With the new Tax Cuts and Jobs Act of 2017 in effect as of January 1, it's more important than ever for individuals and families to develop strategic, long-term plans for their charitable giving.

If you’re a professional advisor who has been fielding questions from your clients about the new law, we encourage you to download a PDF resource developed by our charitable planning experts at NCF that explains the law's implications for 2018 and beyond.

"One effect of the new law is that charitable giving just got easier for those who will no longer itemize their deductions,” says Jeanne McMains, NCF Vice President of Gift Planning Solutions. “The increased standard deduction means givers will receive the same or greater tax benefit as they would have received for their charitable gifts in prior years but without the extra steps necessary to substantiate and claim the deduction on their federal tax return."

Gifts of appreciated publicly-traded stock become more important, as well, because they avoid the capital gain tax upon sale, thus reducing taxable income the giver would have recognized. Your clients should consider “front-loading” giving into one year, itemizing in that year, and claiming the increased standard deduction in the following years.

>> Learn more in our PDF download: The Tax Cuts and Jobs Act of 2017: What it Means for Charitable Givers 


Multiply your impact
Can you imagine giving away a company earning $60+ million a year to charity? That’s exactly what Alan and Eric Barnhart of Barnhart Crane and Rigging did. Read on to discover why these brothers decided to use their company to invest in ... read more
11625 Rainwater Drive, Suite 500
Alpharetta, GA 30009
404.252.0100 phone
800.681.6223 toll-free
404.252.5177 fax
ยปFind an NCF office
Sign up for our regular emails (above), or follow us online at:

Select a favorite office

Find your nearest office and set it as your "favorite" to get local links, news, and information.