How the 2017 Tax Reform Act Affected Charitable Giving

The 2017 Tax Cuts and Jobs Act represented a major shakeup for wealth planners.

With the changes to itemized deductions, philanthropic planning in particular has been thrown for a loop as the tax benefits are now less overt. Some prognosticators believe this shift will cause a sharp drop in charity on a macro level in the years to come, but that remains to be seen.

In this video, Marty Shenkman sits down with Professor Chris Hoyt to take a more focused view of what the changes to itemized deductions mean for your charitably inclined clients.