It could be a very good holiday for U.S. charities

Nancy Marshall-Genzer Dec 1, 2016
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Wealth advisers say their clients are adjusting their giving plans in light of likely changes to the tax code in 2017.  Howard Lake/Flickr

It could be a very good holiday for U.S. charities

Nancy Marshall-Genzer Dec 1, 2016
Wealth advisers say their clients are adjusting their giving plans in light of likely changes to the tax code in 2017.  Howard Lake/Flickr
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Charities could see a bump up in donations this month. That’s because wealth advisers are telling their clients to increase their giving now, before likely changes to the tax code next year. On his website, Donald Trump says he’ll cut the top tax rate to 33 percent. And he wants to cap itemized deductions for married joint filers to $200,000. Currently there is no cap. That last part is already affecting charitable giving, with advisers telling clients to step up giving now before the cap kicks in.

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