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Tax bill -The devil is in the details
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General information
Forum:
Finances
Category:
Income tax
Miscellaneous
Thread ID:
01656469
Message ID:
01656504
Views:
27
>Here in MA, we are in the same boat: high state tax and very high property tax. But mostly what I don't like about the new tax law is that it will hurt charitable organizations. Because for most of us, the charitable contributions will not be tax deductible.

You might take a look at this: https://www.fidelitycharitable.org
The way I understand you can place money in a Donor Advised Fund (even if you have to borrow the money) in 2017. You take a deduction for the amount placed in the fund on your 2017 taxes. Then, instead of making nondeductible contributions you have 5 more years to donate out of the fund to charity.
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