>>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.
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>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.
I was talking in "general." Many people who will no longer be itemizing their deductions will tend to reduce the amount they give. And this will hurt many organizations.
"The creative process is nothing but a series of crises." Isaac Bashevis Singer
"My experience is that as soon as people are old enough to know better, they don't know anything at all." Oscar Wilde
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