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